Lido DAO (LDO) has plunged more than 93% from its 2024 all-time high after breaking its final key support near $0.517 in early 2026.
According to the crypto analyst Crypto Patel, the collapse pushed the token into extreme bearish territory, with analysts identifying a speculative accumulation zone between $0.20 and $0.30 following one of the steepest corrections seen in the DeFi sector.
Despite the dramatic price decline, Lido remains a core infrastructure layer within the Ethereum ecosystem. The protocol controls roughly 72.9% of the liquid staking market and secures about 24.2% of all staked ETH.
Through its liquid staking token stETH, users can stake ETH while maintaining liquidity across multiple decentralized finance applications.
Also Read: Lido DAO (LDO) Price Faces Pressure as Chart Flags $0.69 Target
Lido DAO Fundamentals Strengthen $10 Recovery Scenario
Fundamentally, the project continues to show strong network activity. Lido manages more than $32 billion in assets and generates close to $90 million in annual revenue.
Backed by major investors including Andreessen Horowitz, Paradigm, Coinbase Ventures, and Dragonfly Capital, the protocol is also preparing upgrades and a potential token buyback program expected in 2026.
Crypto Patel speculates that the current valuation gap could present an opportunity for a long-term recovery in the event that market conditions improve. In a positive market scenario, the price targets are $1.44, $2.36, $4.00, $7.00, and $10.00.
However, it is worth noting that LDO is a high-risk speculative asset until technical reversal signals are observed in higher timeframes.
Momentum Indicators Point to Consolidation Phase
According to TradingView, the relative strength index for LDO is at 36.17, and this shows a bearish momentum that is just above the oversold region.
Since the beginning of February, the relative strength index has been trying to rise above the midline, but this has not been achieved due to the selling pressure.
From the flat movement, it is clear that there are no buyers, and the price is likely to record some downward movements in the near future.
The MACD indicates a possible shift as the blue line moves up and crosses above the orange signal line, creating a bullish crossover.
Although the histogram is already green, both lines are still deep in negative territory, validating the prevailing long-term market trend as bearish. A shift towards the zero baseline is needed to validate a price shift.
Also Read: Lido DAO (LDO) Struggles Below Midline After 17.63% Weekly Drop