• Lido recently reached its highest TVL in its history, indicating a healthy long-term outlook.
• LDO bulls have been struggling to gain control despite bearish weakness, and Lido’s APR has grown to 3.86%.
• LDO’s price action has not felt the positive impact of the increasing TVL.

Lido Reaches New All-Time High for TVL

Lido [LDO] just registered its highest Total Value Locked (TVL) in its history, indicating a healthy long-term outlook for the project. The TVL currently stands at 8.31 billion ETH, driven by higher APR incentives of 3.86%.

Short-Term Holders Struggling to Regain Control

Despite observing bearish weakness on the market, bulls have not been able to take back control over LDO tokens. This is evidenced by the fact that the token’s price action indicates good news only for short-term holders.

Historic Highs Not Impacting Price Action

Although this is positive news for staking confidence and long-term prospects, there appears to be little impact on the token’s current price action. Despite some accumulation earlier in the week according to MFI’s uptick, it was simply not strong enough to sustain more upside and LDO bears regained control shortly after.

Bearish Market Conditions Dominating

At present, market conditions remain bearish with no signs of improvement as LDO exchanged hands at $1.83 at the time of writing. There is a chance that prices could dip lower if these conditions persist and bearish momentum continues to dominate over bullish sentiment.

Long Term Prospects Promising

Overall, while short-term holders may be disappointed with current trends it is clear that overall long-term prospects are promising thanks to high staking incentives and increased investor confidence as reflected by high TVL numbers achieved by Lido [LDO].