Livepeer (LPT) and Lido DAO (LDO) faced sharp sell-offs on Aug. 22, 2026, as altcoin markets displayed sudden rotational pressure and mixed sentiment.
LPT fell 13.13% in one hour, sliding from $1.546 to $1.343, after touching a 24-hour high of $1.582. Although the token remained up 1.90% over 24 hours, the abrupt drop erased much of the session's gains. Trading volume reached $1,187,935.48. Key support is seen near $1.30 with resistance around $1.40. Market participants cited speculative trading and profit-taking as likely contributors, with no clear catalyst identified.
LDO dropped 11.8% within 15 minutes to $0.3497, down from $0.3965. Its 24-hour high was $0.3985, and trading volume stood at about $7.87 million. Despite a 1.69% increase over the previous 24 hours, the move underscored vulnerability in the DeFi token. Traders are watching support near $0.35 and resistance at approximately $0.40.
The simultaneous declines point to a broader rotation among altcoins rather than coin-specific fundamental news, leaving traders cautious about further downside if key support levels break.
