LDO, the governance token for the Lido DAO, has broken below the $0.40 support level, a move traders have been watching for weeks. The token now faces a potential 40% decline over the next 30 days, with price targets between $0.24 and $0.28, according to market data. Selling pressure is ramping up across multiple timeframes, and the technical structure is rapidly deteriorating.
Why the $0.40 level mattered
For months, the $0.40 mark acted as a floor for LDO. Buyers stepped in repeatedly around that price, creating a zone of support that held through several sell-offs. That changed this week. With the break below, that same zone now becomes resistance. Anyone who bought near the support is now underwater, and that often triggers more selling as stop-losses get hit and panic sets in.
What the charts are showing
On the daily chart, LDO has formed a series of lower highs since mid-February. The weekly chart shows a similar pattern. Both are textbook signs of a downtrend that's accelerating. Volume is climbing as the price drops, confirming that sellers are in control. The next major support level sits around $0.20, a price not seen since late 2022. There's nothing in the current technical setup to suggest a reversal is imminent.
What comes next for LDO
The next month will be critical. If the token fails to hold around $0.28, the next stop could be $0.20 or lower. The selling pressure isn't letting up, and no catalyst is on the horizon. For now, the path of least resistance is down. Traders are watching to see if buyers step in at these lower levels or if the slide continues toward the predicted target range.
