Lido drops 3.35% as bearish momentum keeps price below all major moving averages – weekly outlook
Lido (LDO) is currently trading at $0.3401, marking a slight decrease of 0.06% over the last week. The asset remains well below its weekly MA-20 ($0.4466), MA-50 ($0.5391), and MA-200 ($0.8698), underscoring significant bearish momentum across all timeframes.
Highlights
- Lido (LDO) is trading at $0.3401, firmly below the MA-20 ($0.4466), MA-50 ($0.5391), and MA-200 ($0.8698), indicating persistent long-term bearish momentum.
- Technical momentum indicators such as MACD, ADX, RSI (28.84), and CCI (–99.49) reinforce oversold conditions and confirm pronounced downside pressure across multiple timeframes.
- LDO’s short-term price range is expected to stay between $0.3100–$0.3650, with less than 20% probability of an upside breakout and risk of further decline if $0.3100 support fails.
Downtrend confirmed over the week as key indicators and averages weaken
Technical analysis for the weekly (W1) timeframe confirms a strong downtrend. LDO sits below all major moving averages, with the Ichimoku Kijun providing the nearest dynamic resistance at $0.4689. Weekly support emerges near recent session lows. Momentum signals further weakness: RSI is oversold at 28.84, CCI sits deeply negative at –99.49, and both MACD and ADX reflect firm bearish pressure, while the Awesome Oscillator also aligns with prevailing downside momentum.
Rangebound outlook next week as downside bias outweighs reversal risk
For the next 5–7 trading days, LDO is likely to remain rangebound between $0.3100 and $0.3650, reflecting current low volatility. Downside continuation is more probable, with less than a 20% chance of a reversal to the upside without confirming signals of renewed interest. Only a break above $0.3650 could open the path toward resistance, while a drop below $0.3100 may signal intensified selling. Given persistent bearish weekly technicals, caution is advised before attempting to catch a rebound.
Last time, analysts noted that Lido was trading well below all major moving averages, facing strong bearish momentum with negative trend indicators such as MACD and ADX, and deeply oversold conditions reflected in the RSI and CCI. Limited dynamic support and resistance near the Ichimoku Kijun suggest persistent downside risk, with a likely sideways or lower trend in the near term barring a sharp move above resistance.
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