Lido DAO (LDO) Tests $1.19 Support After Breakout as Whale Accumulation Rises and Exchange Supply Drops

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  • Whale accumulation surged 69.07%, signaling strong hands building positions.

  • Exchange supply fell 8.01% to 282.77M LDO, reducing immediate sell pressure.

  • Volume remains muted (~110.8K), casting doubt on breakout conviction despite bullish indicators.

LDO price retest at $1.19 signals critical support; watch whale accumulation and volume for confirmation โ€” read the analysis and trade plan on COINOTAG.

Lido DAO tests a critical support level after a breakout, while whale accumulation rises and exchange supply drops, hinting at a trend shift.

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  • Whale accumulation jumps 69.07% as LDO tokens leave exchanges, pointing to strong hands entering the market.
  • Price hovers at key $1.19 support after breakout, with bulls needing to defend this zone for upside continuation.
  • Technical indicators show mild bullishness, but weak volume raises questions about the breakoutโ€™s strength.

LDO is holding at a crucial level after breaking out of a long-term range. Trading at $1.19 with steady yet subdued volume, the next sessions will reveal whether bulls can sustain momentum or if consolidation pulls the token back into the prior range.

What is happening with LDO price after the recent breakout?

LDO price retested its breakout zone after clearing a long-term horizontal channel and is currently balancing at the former resistance-turned-support near $1.19. On-chain flows show lower exchange balances and sizable whale accumulation, but muted volume leaves the breakout vulnerable to failure.

How are whales and exchange flows shaping Lido DAOโ€™s near-term outlook?

Whale addresses increased holdings by 69.07%, now holding roughly 16.71 million LDO, according to on-chain metrics. Exchange balances declined 8.01% to 282.77 million tokens, indicating net outflows. These shifts suggest reduced immediate sell pressure, but validation requires higher buy-side volume to confirm directional conviction.

#LDO HTF Analysis: $LDO has finally broken out of the horizontal channel on the daily timeframe and is now in the middle of retesting the breakout zone. Price is hovering right on top of the former resistance, which has now flipped into support. This retest is key โ€” if $LDOโ€ฆ pic.twitter.com/CPRffeIzqH

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After an attempted run toward $1.30โ€“$1.40 failed, LDO retraced and is now ranging between $1.15โ€“$1.20. Holding above this zone preserves the bullish structure formed by the breakout. Failure below $1.15 would risk a return to the prior consolidation band and broaden the stop-loss zone for longs.

Short-term indicators show mixed signals: the 50-day SMA at $1.2068 and the 9-day EMA at $1.1984 present overhead resistance. The MACD has crossed bullish but lacks strength, and the RSI near 52.66 points to neutrality. Crucially, volume has dropped from August highs to ~110.8K โ€” insufficient to support a durable breakout.

Market cap oscillations between $1.02B and $1.11B during September 2โ€“8 (data sourced from CoinMarketCap as plain text) show active buying on dips but also repeated seller responses. TradingView chart patterns underscore V-shaped recoveries, indicating responsive buyers but persistent supply.


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Source: https://en.coinotag.com/lido-dao-ldo-tests-1-19-support-after-breakout-as-whale-accumulation-rises-and-exchange-supply-drops/