Lido DAO (LDO) price fell nearly 10% as altcoins dumped, but has since recovered to a key level with Bitcoin's bounce.
Bears are likely to pull LDO lower as the outlook remains fragile, with potential for a fresh drop if bears control the price around $0.86.
A notable large holder recently moved a significant amount of LDO tokens to major exchanges, suggesting intent to sell and exert downward pressure on the price.
Technical indicators show a bearish outlook for LDO, with the RSI indicating nearing oversold territory and the MACD suggesting weakness with a bearish crossover.