Lido DAO's price has been under pressure in recent months, but a potential recovery may be on the horizon according to technical analysis.
The current price of $0.30 is near the lower Bollinger Band, indicating extreme oversold territory. The RSI (Relative Strength Index) reading of 27.98 is well below the oversold threshold, suggesting selling pressure may be exhausted and a technical bounce could be imminent.
Key technical signals supporting a potential recovery include the proximity to the SMA 20 at $0.34, which provides a realistic recovery target. The MACD (Moving Average Convergence Divergence) histogram shows 0.0000, suggesting momentum may be stabilizing after recent bearish pressure.
The bull vs. bear case scenario suggests that if LDO breaks above immediate resistance at $0.31, the next logical targets align with $0.32, $0.34, and $0.39. A sustained move above $0.39 could trigger momentum buying toward the $0.47 level (SMA 50), though this scenario requires broader crypto market support.