After dropping to 1.5 USD, LDO has shown signs of recovery, reflecting positive sentiment fueled by the Lido v3 upgrade. This upgrade enhances staking flexibility and confirms Lido DAO’s dominance in the DeFi space.

Although LDO has rebounded, technical indicators remain bearish, indicating capital outflows. Despite this, the sentiment in the market has reached a 9-month high, hinting at a possible buying opportunity for investors.