LDO Price Drops as Lido DAO Market Share Declines to 25%— bearish signals intensify

The price of LDO has decreased to $0.89, marking a 3.89% drop today. This decline is largely driven by growing concerns over Lido DAO's shrinking market share in Ethereum staking, which has fallen to 25%. Despite some recent accumulation by large investors or whales, the technical indicators are pointing bearish signals, suggesting potential further downside. This reduction in market share indicates a possible shift in user or investor confidence away from Lido DAO's staking services, which could impact its token value negatively over the near term. The combination of declining market share and technical bearishness suggests a cautious outlook and warrants close monitoring of upcoming market movements. Overall, the current sentiment appears negative with fundamental concerns over market dominance and technical evidence supporting a bearish trend. Investors should be aware of the risks of further price depreciation if these negative factors persist or worsen.