Driven by improved macro sentiment and active buybacks by the team, LDO has shown a bottoming rebound with increased volume, technically breaking through the key neckline at $0.3366. If prices stabilize above $0.42, the bullish trend is likely to continue, testing the $0.45-$0.50 range. However, caution is advised: if buyback momentum weakens and the price falls below $0.33, the risk of dipping toward the $0.30 support increases. The recommended strategy is to closely watch for consolidation above $0.42 and flexibly adjust positions according to buyback developments.

Expectations of easing tensions in the Middle East have catalyzed market risk appetite, with the DeFi sector leading the rally. LDO posted nearly 10% single-day gains in the short term. The daily chart shows that since hitting a $0.303 low on April 13, there has been sustained washout with increased volume over several days, followed by a significant surge in trading activity. Prices subsequently broke through the $0.3366 neckline and the $0.35 round number, peaking at $0.437. This rally was mainly sentiment-driven in the short term, with bulls actively buying and triggering a strong rebound from the bottom.

According to SoSoValue data, rising expectations of a US-Iran agreement have boosted market confidence, leading to widespread gains in the crypto market. The DeFi sector led with a 5% increase, including Hyperliquid (7.06%), Lido DAO (9.94%), and Aave (10.75%). Bitcoin rose 4.51% to surpass $74,000, while Ethereum gained 7.56%, breaking above $2,300.

The crypto market is broadly rising, with the DeFi sector leading gains at 5%, and BTC breaking through $74,000.

Lido DAO's $LDO price surged over 17% in 24 hours with trading volume hitting $100 million, driven by increased activity, supply tightening, and a second buyback program. Lido Finance now leads as Ethereum’s top permissionless staking solution with over 100 active validators. The price broke above a key neckline at $0.3366, targeting $0.68-$0.70, but must hold above $0.33 support to sustain the breakout. Correlation with Ethereum price is strong at 0.85.

Lido DAO’s volume hits $100M – Will LDO’s $0.33 support hold?

The Lido team, in coordination with market makers, initiated multiple large-scale LDO transfers from exchanges to multi-signature wallets for a second round of buybacks. Institutional whales also took advantage of the opportunity to build positions and acquire millions in liquid holdings. These actions significantly reduced LDO's circulating supply on exchanges, strengthening buyers' bargaining power in the short term and triggering a wave of bullish covering. However, caution is warranted; if buyback intensity weakens or buying interest fails to follow through, the bullish effects from supply-side tightening could be offset by waning momentum.

On April 16, 4.82 million LDO tokens worth about $1.81 million were withdrawn from Binance and transferred to the Lido Growth Committee's multisig wallet, likely for buyback operations. This follows a recent proposal allowing up to 10,000 stETH for LDO buybacks, with the first 1,000 stETH buyback parameters announced two days ago. The wallet also received 4.82 million LDO from market maker Portofino.

The Lido Growth Committee multisig wallet received 4.82 million LDO, possibly related to the buyback execution.

On April 17, following Lido's $LDO buyback launch, a whale/institution purchased 4.5 million $LDO (about $1.86 million) and 10,000 $AAVE (about $1.15 million) via OTC. The tokens were acquired from Wintermute and FalconX, respectively.

A whale purchased 4.50M LDO through OTC after Lido launched the buyback, worth approximately $1.86M.

Lido DAO ($LDO) surged over 13% after withdrawing 4.82M tokens from Binance, reducing exchange supply and boosting buyer participation. The rally, driven by supply tightening and short liquidations totaling $122.75K, pushed $LDO toward $0.42 resistance. While technical indicators show bullish momentum, the move partly relies on liquidation-driven buying, raising questions about sustainability if fresh demand wanes. Continuation depends on overcoming resistance with sustained buyer pressure.

Lido [LDO] surges 13% as exchange supply drops – What happens next?

From a daily chart perspective, LDO has successfully crossed the $0.3366 neckline and established support. The recent high of $0.4525 constitutes a clear short-term resistance zone, while $0.42 marks the previous local bottom consolidation area. Trading volume surged during the April 13-16 uptrend and diminished significantly during pullbacks, indicating healthy retracement behavior. If LDO holds above $0.42, bulls are likely to test $0.45 and possibly $0.50. If the price drops below $0.33, beware of a deeper correction that could retest support at $0.30.

Lido DAO

Crypto Market Update – Unpacking the Volatility Behind Top Weekly Gainers

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

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LDO price today is 0.43, with a live price change of 0.83 in the last 24 hours. Convert, buy, sell and trade LDO on Bybit-eu.

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