Lido DAO’s price has been steadily declining for weeks, and its trajectory suggests a continued downward trend. However, analyst Ali highlights the possibility of a reversal, suggesting potential support around $0.45. This area aligns with a long-term descending channel that has guided price action throughout much of 2023. Despite struggles, this level holds historical significance as a solid support zone for Lido DAO. Ali’s analysis reveals a dotted projection indicating a possible dip into the $0.45-$0.50 range before any major reversal. If LDO rebounds at this area, a subsequent recovery to $0.80-$1.00 could be anticipated. This potential resurgence is fueled by Lido DAO’s continued dominance in Ethereum liquid staking, despite a broader sentiment shift toward staking tokens. The current market context indicates the possibility of relief from selling pressure. The RSI stands near oversold territory, suggesting potential for a bounce. Additionally, trading volume has flattened out, indicating a potential easing of selling pressure. 2023’s performance has been marked by technical downturns. However, if Lido DAO can hold at its key support level and market conditions stabilize, this could lead to a dramatic turnaround. It remains to be seen whether the decline will continue or if a reversal is brewing.