LDO benefits from the dual drivers of supply tightening and buyback mechanisms, combined with a recovery in industry sentiment, resulting in an exceptionally strong performance in the short term. From a technical perspective, the price has broken above the neckline level with increased volume, making the 0.33–0.34 range a key support area. If LDO can hold above this level, it is expected to challenge the 0.45–0.50 zone in future sessions. It is recommended to monitor the progress of core team buybacks and market linkage effects, build positions on dips, set stop-loss below 0.32, and remain cautious of short-term pullbacks caused by broader market volatility.

Recently, market expectations for a US-Iran agreement have risen significantly, driving a general rally in crypto assets. The DeFi sector led the market on the day, with LDO surging nearly 10%, quickly restoring investor confidence. As Bitcoin and Ethereum strengthened simultaneously, strong buying propelled LDO to multiple large up candles. Short-term market sentiment has become optimistic, but caution is warranted due to potential pullbacks linked to broader market volatility.

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?

Lido DAO has recently initiated a second round of token buybacks, transferring over 4.8 million LDO to the committee’s multi-signature wallet for implementation. The parameters for the initial batch of 1,000 stETH buybacks have been determined, highlighting the core team’s commitment to establishing a floor for value. Proactive buying substantially restricts circulating supply, alleviates selling pressure, and provides stronger support for mid- to long-term price levels.

From a technical standpoint, LDO bottomed out in the 0.303–0.314 range in mid-month before forcefully breaking above the 0.3366 neckline. On April 16, the price closed at a high of 0.437 with a significant increase in trading volume. The short-term price is now far above the 20-day moving average, indicating a degree of overbought pressure. It is recommended to monitor the effectiveness of support in the 0.33–0.34 range—if this level holds, the rebound could extend to the resistance zones at 0.45 and even 0.50.

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 0.42, with a live price change of -1.21 in the last 24 hours. Convert, buy, sell and trade LDO on Bybit-eu.

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