The cryptocurrency market still suffers from recent consolidation momentum, which sent most assets to previous lows. As pointed out today by market analyst Ali Martinez, LDO, the native token of the liquid staking protocol Lido DAO, is one of the victims facing challenges navigating strong bearish pressure in recent weeks and months. As per the data shared by the analyst, LDO has been trading in a downtrend since August, which saw its price drop from a high of $1.54 noted on August 11 to the current level at $1.2. With the Lido DAO’s market displaying weak signals, questions linger whether the token can make a recovery or is it destined for more sell-offs?
Why Lido DAO Deals With Bearish Pressure
To shed more light on what’s happening in LDO’s market, it’s important to examine how the asset has been performing in reference to other cryptocurrencies. Despite the recent correction seen in late September, most crypto assets are currently experiencing resurgent bullish momentum at the start of this month and the fourth quarter of the year. Tokens, including BTC, ETH, BNB, XRP, and many others, registered substantial gains over the past few days.
Bitcoin’s price, which fell below $110k on September 25, 2025, recouped the losses, currently standing at $122,500, up 11.8% and 10.8% over the past week and month, respectively. This stand is quite different from LDO’s market, which has failed to show substantial recovery, despite VanEck submitting a proposal for a staked Ethereum ETF operating on Lido.
Yesterday, on Friday, October 3, 2025, investment asset manager VanEck filed a proposal in Delaware to establish an ETF that tracks Ethereum staked through Lido, the largest liquid staking platform. Despite the development, LDO’s price currently stands at $1.21, down 2.5% over the past 24 hours. Failure to breach the resistance levels at $1.312 and $1.409 signals a weak market fuelled by active selling from whale wallets.
What’s Next for LDO?
Despite the bearish signals, LDO still has the potential to recover from losses. However, Ali warned that the downtrend remains if the asset cannot break above $1.50.
As pointed out by the analyst, the key level to watch is $1.50. To initiate an uptrend, LDO needs to rise and stay above this level.
