Lido DAO jumps 12% as governance vote draws traders to LDO

LDO rose nearly 12% to trade near $0.40 as on-chain voting for two protocol upgrades drew fresh speculative capital into derivatives.

LDO futures open interest surged 32% to $75.4 million over the past 24 hours, while trading volume climbed 69% to $119.4 million, according to Coinglass data. The funding rate remained positive at 0.0071%, though it cooled from 0.0093% a day earlier, indicating bullish positioning is intact but becoming less aggressive as the token approaches resistance.

A daily close above the 200-day EMA at $0.4076 would expose the prior swing high near $0.4700, while a rejection risks a pullback to support at $0.3317 and the 50-day EMA at $0.2992.

Lido DAO is conducting on-chain voting for two major protocol upgrades — LIP-33 and LIP-35 — scheduled to conclude Friday at 14:00 UTC. The proposals introduce new versions of Lido's Curated Module and Community Staking Module v3, both built on Staking Router v3, aimed at improving validator management and staking infrastructure on Ethereum. The community is also voting on off-chain Snapshot proposals covering a permissionless validator module and a penalty framework for node operators.

The Relative Strength Index reads 74, indicating strong bullish momentum while also signaling overbought conditions. The MACD remains in positive territory with an upward-sloping signal line, confirming continued buying pressure. However, the elevated RSI suggests short-term consolidation or a pullback could occur before another breakout attempt.

If the governance upgrades pass as expected, the rally could extend toward $0.4700. A rejection or delay of the proposals risks unwinding the leveraged buildup, with LDO falling back below the 200-day EMA zone. The vote outcome Friday will determine whether the four-day rally develops into a sustained uptrend or fades as traders take profits.

This article is for informational purposes only and does not constitute investment advice.