Lido DAO (LDO) Falls 1.69% as Futures Accounts Lean Slightly Long

Lido DAO (LDO) fell 1.69% over 24 hours to $0.33 on Nov. 7, while futures positioning remained mixed, with a modest long tilt among accounts.

Earlier chart readings placed LDO below its 20-day moving average of $0.36 and 50-day average of $0.41. Its seven-day average was $0.33. The snapshot marked $0.32 as support and $0.33 to $0.34 as resistance, putting the latest price within that range.

The 14-period relative strength index was 37.47, a neutral reading. MACD and its signal line were both -0.0221, with a zero histogram, indicating muted downside momentum. Stochastic readings were 21.41 for %K and 17.13 for %D. Bollinger Bands had a $0.30 lower band, a $0.36 middle band and a $0.41 upper band; the snapshot placed price closer to the lower band than the middle one. These readings described a weak overall technical setup but did not confirm a break below support.

At 3 a.m. ET (08:00 UTC) Nov. 7, Binance futures showed a global long-short ratio of 1.0886. Long accounts made up 52.1% of accounts and short accounts 47.9%. Top traders leaned further long, with 60.8% long and 39.2% short. Funding was -0.0011%, while open-interest value stood at $10.8 million, up 0.64% over 24 hours.

Taker activity was close to balanced, with a buy/sell ratio of 0.9858. Buy volume was 183,541, compared with 186,176 in sell volume. The figures show a modest long tilt among futures accounts alongside slightly greater sell-side taker volume.

The latest setup follows earlier TokenPost coverage of LDO trading below its 20-day average. LDO is Lido DAO’s governance token; stETH represents Ether staked through Lido.