Lido ETH Staking Share dey for 3-year low; LDO show 57% upside
Lido ETH staking share don drop to 24.6%, e reach im lowest point for three years, as competition from Rocket Pool and exchange-based platforms dey increase. The decline for Lido ETH staking show say liquid staking market dey shift sharply. Dem confirm one vulnerability for Lido Dual Governance RageQuit mechanism, but e get patched quick quick, wey make users sure say their money safe. Meanwhile, Lido ETH withdrawal queue jump to 143,000 ETH, e show say stakers dey relocate their funds. Because of market pressure, Lido DAO reduce 15% of im contributor team to control cost. For the price matter, LDO charts show bullish flag pattern, recent MACD crossover, and RSI don recover from oversold level. All these technical indicators show say e get chance for 57% breakout go $1.46, wey fit give traders short-term bullish opportunity.
Bullish
Even though say Lido ETH staking share don drop and governance get some weakness weh fit make people lose confidence, di quick patch and di way dem secure di funds dey reduce risk of sell-off. Di big increase for withdrawal queue show say people dey shift money but e show market still dey fluid. Important be say, LDO technical setup—one bullish flag, MACD crossover, and RSI recovery—dey similar to di rebounds wey happen before after we fix protocol issues. This chart pattern fit mean say short-term price fit go high reach $1.46 (57%), giving good chance to trade bullish even as long-term staking concentration concerns still dey.