Arthur Hayes’ $1.03 Million Investment Could Push the LDO Toward $7 Target

Arthur Hayes, BitMEX co-founder and popular personality in the crypto space, has again made waves with his significant on-chain transaction. As per data provided by Lookonchain, Hayes has acquired 1.855 million tokens worth around $1.03 million. Such activity confirms his interest in the Lido DAO ecosystem.

Source: Lookonchain

This is especially because liquid staking is also gaining increased traction, and Lido is still among the major players within the Ethereum staking environment. The accumulation of the token by Hayes is a clear indication of confidence in the long-term fundamentals of the underlying protocol. As a major player within the crypto environment, the purchase is currently receiving much attention.

Also Read: Lido DAO (LDO) Price Chart Signals Potential Upside: $1.12 Target in Focus

Lida Dao (LDO) Near a Critical Make-or-Break Zone

However, the crypto analyst, Anup Dhangana, highlighted that the market price of the token is at a pivotal point, being squeezed between a multi-year downward trend and strong supports. If this market is able to breach above and overcome the downward trend, it is expected to immediately soar to $1.50 in the short run and target even higher prices of $2.50-$4.00 in the medium run and $7 in the long run.

Source: Anup Dhangana

But if the level of support does not hold, a breakdown for LDO may occur, which can cause prices to drop further. If a bearish trend continues, it can affect support levels, which in turn may cause a loss of confidence in LDO for investors. The coming weeks will be decisive in determining if LDO can break out or continue to fall.

LDO Faces Pressure as Price Consolidates Around $0.55

From the technical perspective, LDO is still trading under a distinct bearish trend on the weekly timeframe and is consolidated around the region of $0.55. Overall trend is still bearish with lower highs and lower lows. Price is also firmly below all major moving averages, indicating a lack of buying pressure.

Source: TradingView

The moving average ribbon is bearishly stacked on top. This creates a strong resistance level ranging from $0.93 to $1.72. The RSI at 36 is in a state of weak momentum but not oversold. However, the MACD is still below the zero level. This continues to press the token lower, although the selling momentum is slowing.

Also Read: Lido DAO 2026 Plan: Boosting LDO Utility While Reducing Token Supply