Lido DAO (LDO) is currently trading at $0.2952, reflecting a significant 4.69% decline over the past 24 hours. The daily range has been relatively tight, with a low of $0.2921 and a high of $0.3124, indicating a lack of volatility amidst bearish pressure.

The trading volume stands at approximately $26.9 million, representing 10.73% of the market cap, which suggests moderate liquidity. However, the downward trend is evident, with the 7-day and 14-day price changes at -12.64% and -16.44%, respectively, signaling ongoing selling pressure.

Technical indicators show weakness, with the 1-hour RSI at 37 and the 7-day RSI at 40, indicating that LDO is approaching oversold territory but has yet to show signs of reversal. Moving averages further support a bearish outlook, as all key short-term SMAs (8, 13, 21, and 55) are trending downwards, with the 55 SMA showing a 7.12% decline.

The substantial drop of 43.05% over the past 30 days highlights the long-term bearish sentiment around LDO, compounded by the significant distance from its all-time high of $7.30 set in August 2021. The current price is not only at a low point but also reflects a sustained downtrend, which raises concerns about potential further declines.

Given the combination of bearish technical indicators, declining momentum, and historical price performance, the outlook for LDO remains negative. Therefore, a Sell rating is warranted based on the persistent downtrend and lack of bullish signals in the market.