Lido rallies 21%, hits 2-month high – Can LDO bulls hold on?
2025-07-18 17:15:27
Main Idea
Lido DAO (LDO) surged 21% to a 2-month high following BlackRock's filing for ETH staking in its Ethereum ETF, driving increased demand and market activity.
Key Points
1. LDO's price surged 21.53% to $1.15, retracing slightly to $1.13, with its market cap reclaiming $1 billion.
2. BlackRock's ETH staking filing for its Ethereum ETF (ETHA) boosted demand for Lido's stETH derivatives, as staking primarily occurs through LDO.
3. Lido DAO saw higher buy volume (48.6M) than sell volume (45.7M) on July 17, with consecutive days of positive Buy-Sell Delta.
4. Profit-taking increased, with Spot Netflow hitting a 6-month high of $5.2M before dropping to $2.77M.
5. Technical indicators like RSI (78) and DMI (41) suggest strong upward momentum, but a pullback to $0.97 is possible if resistance is met.
Description
LIDO DAO surges 21% to a 2 months high as investors rush into the market following Blackrock's filing of ETHA staking
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