Today, May 12, 2025, the cryptocurrency market was experiencing a bearish trend. Bitcoin touched against the $105,000 resistance level as other altcoins saw a lot of bullish volatility. Bitcoin's surge to $105,079 marked a significant milestone, while Lido DAO's LDO token demonstrated resilience above $1 despite an oracle breach. Arbitrum (ARB) saw bearish pressure while the latter traded close to an important support zone. The overall market cap for all cryptocurrencies is $3.28 trillion. This figure highlights a positive aspect—the ongoing dynamism and strength of the cryptocurrency sector.

The following article will explore the price movements of Bitcoin, Lido DAO, and Arbitrum, analyzing key technical indicators and potential future trends.

Bitcoin's Bullish Momentum Faces Resistance

Bitcoin (BTC) had one of the biggest climbs paving the way, with EUR climbing up at a peak high of $105,079 on May 12, 2025. This re-tests the $105,000 resistance zone, a level not visited since February, demonstrating a clearly powerful bullish momentum. 5/24/2021 After reaching the all time high, the price pulled back to $103,906. That means the 65 resistance level is set to be a major test for any further upward progress.

Even with this pullback, Bitcoin is still far above its 50-day Exponential Moving Average (EMA), currently at $92,523. This adds to the overall bullish trend and indicates that any near-term pullbacks would likely be short-lived moves. Now, the 50-day EMA acts as a dynamic support level. It showcases the all important 50 day average price, highlighting the big positive trend.

Investors and traders are closely monitoring Bitcoin's ability to break through the $105,000 resistance. A successful breach could pave the way for further gains, while failure to overcome this level may lead to a period of consolidation or a deeper correction. The cryptocurrency's performance continues to be a key indicator for the overall health and direction of the broader crypto market.

Lido DAO Token's Resilience Amidst Volatility

The governance token of Lido DAO (LDO) proved especially durable to the overall market losses, closing at $1.086 after peaking at a session high of $1.119. This strong performance comes despite the recent oracle breach signaling the underlying strength of the token as well as investor confidence. The token's ability to maintain its value above $1 despite the security incident is a testament to the project's robustness and community support.

The token opened at $1.098 and has been under consistent downward pressure since the announcement so far on Tuesday. It recovered and ended up closing near the top of its range. Trading volume for the session was 998,020 LDO, demonstrating strong participation and interest in the token. The healthy trading volume indicates aggressive buying and selling of LDO by investors, which implies active price discovery and liquidity.

Lido DAO Token (LDO) is still trading above the 50-day EMA exhibiting a strong broader price trend. The 50-day Exponential Moving Average (EMA) of Lido DAO Token (LDO) is $0.913. This bullish technical indicator reflects a short-to-medium positive price trend for the token. It maintains a bullish pattern of trading above its 50-day average price in the last two months.

Lido DAO Token Holds Above $1 After Oracle Breach - TradingView

Arbitrum's Struggle Near Support Level

Arbitrum (ARB) saw selloff pressure as low as $0.4568 on May 12, 2025 after the asset peaked in the session at $0.4639. The token now sits a short distance above a near-term range of between $0.440 to $0.460. This movement suggests that we are entering a new time of consolidation and uncertainty. In summary, the bullish price action indicates that ARB is struggling to defend its upward trend. If it falls below this low range, it risks going through additional decreases.

The first major visible support for Arbitrum (ARB) lies near $0.427. This level could serve as a possible zone of accumulation where buying interest will appear and stop the ongoing drop in price. If ARB starts to drop below that $0.440-$0.460 range, beware! The support level at $0.427 will be crucial in determining whether the token can establish a base or whether it will endure a more significant correction.

Arbitrum (ARB)’s 50-period Exponential Moving Average (EMA) is set at $0.3814. ARB is now trading well above its 50-period EMA, signaling continued bullish trend. Downward pressure means this level may be greatly tested very soon. A break under the 50-period EMA might indicate a reversal in momentum and possibly result in more bearish price action.

Broader Market Context

The total crypto market cap is $3.28 trillion, which is the combined value of all crypto assets in circulation. As such, this figure provides an immediately intuitive gauge for the overall health of the market. It’s an indicator of the level of interest and confidence investors have in the crypto space. This $3.28 trillion market capitalization reflects the overall strength of the cryptocurrency market. Even with the volatility seen with many cryptocurrencies, the overall market is strong and has a lot of support.

Market participants continue to watch a few important markers very closely. They are excited to see how regulatory developments, macroeconomic trends, and technological advancements continue to inform where the crypto market goes. Each of these variables affects investor sentiment and trading activity, which causes increased price volatility and changes in market structure. It’s extremely important to stay tuned in with these updates. It prepares you to make sound investment decisions and successfully navigate the challenges and opportunities of the crypto ecosystem.