Lido DAO (LDO) price dips by nearly double digits as volatility hits cryptocurrencies

Lido DAO (LDO), a leading liquid staking protocol in the market, saw its native token's price dip by nearly double digits as volatility hit cryptocurrencies

Lido DAO (LDO) price slipped to a key support level on Monday as volatility hit cryptocurrencies.

Here's what happened

Lido DAO (LDO) has rebounded to a key technical level alongside a broader recovery in risk assets. However, the outlook remains fragile, with the possibility of a fresh drop if bears regain control, particularly if the price revisits the $0.86 mark.

On-chain data adds to the cautionary tone, as whale activity around LDO has spiked. A notable large holder recently moved a significant amount of tokens to major crypto exchanges, a move that could signal intent to sell and potentially exert downward pressure on the price.

Lido DAO price slides to key support level

Lido DAO price hovered above $1.16 last week. But with altcoins still struggling to master an altseason, the token’s price has seen more downside action, slipping more than 16% in the past week.

In the past 24 hours, the LDO token’s value dipped to $0.86. This decline in early trading hours on May 19 largely aligned with Bitcoin’s movements from above $106k.

A broader market trend that also saw Ethereum shed gains to below $2,300 also shaped Lido DAO’s price action.

“The broader crypto space is seeing similar momentum. Coinbase is set to join the S&P 500 tonight - a landmark moment for institutional credibility, coming on the heels of its

Another large whale is dumping $LDO.

In the past week, this whale sold 21.3M $LDO for 19,700 ETH, which is about $21.6M.

The whale began selling on May 12, and the last transaction was at 08:39 am today, May 19.

The whale transferred all the $LDO to Binance, Huobi, and Gate.io. It seems that the whale will continue to sell. pic.twitter.com/09mZMlM57B

— Lookonchain (@Lookonchain) May 19, 2025

Some of the bearish pressure on Lido DAO price is from whales selling.

Profit taking and other market dynamics have seen large holders dump LDO tokens.

On-chain data and analytics tracker Lookonchain highlighted one such incident on Monday.

According to the data, one large whale offloaded 21.3 million LDO tokens (worth about $21.6 million) over the past week.

The selling activity began on May 12 and continued until Monday morning.

The on-chain data also showed that the whale had transferred all the LDO tokens to major crypto exchanges, including Binance, Huobi, and Gate.io.

This move could indicate the whale’s intention to sell the tokens in the open market, likely to take advantage of any remaining liquidity and sell quickly.

The large-scale selling activity might put more bearish pressure on LDO price.

LDO price analysis

Technical indicators provide a bearish outlook. The Relative Strength Index (RSI) indicates LDO is nearing the oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) suggests weakness with a bearish crossover.

If LDO holds above $0.86, it could target resistance near $1.00. However, downside action could see it slide toward $0.80.