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- MC:$3.6KHolders:10.00%
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LDO just took a 1.14% tumble, and the chart's telling a brutal story.
Technically? It's a mess. Price sliced through the $0.7326 support like butter—that level's gone. We're stuck in this ugly descending channel now, and the RSI's sitting at 30.28. Oversold territory, sure, but that doesn't mean instant bounce. Sometimes oversold just means "still falling."
Here's where it gets spicy: some dormant whale just woke up and dumped 6.2 million LDO tokens straight to a major exchange. At a loss, no less. When old holders capitulate like that, it rarely signals confidence.
Meanwhile, Bitcoin's having its moment. Capital's rotating hard into BTC, starving altcoins of liquidity. Classic Bitcoin season dynamics—when the big guy pumps, smaller tokens bleed. LDO's caught in that crossfire: technical weakness + whale selling + liquidity drought.
Not exactly the setup bulls were hoping for.