Market Overview: Lido DAO/Tether (LDOUSDT) – 24-Hour Technical Analysis

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• LDOUSDT edged higher, closing at 1.2022 from 1.1867, with price finding support around 1.1891 and testing resistance near 1.2055.
• Momentum showed a bearish divergence in the latter half, with RSI hitting overbought levels and declining volume signaling caution.
• Volatility expanded through the day, with Bollinger Bands widening and volume spiking during the 20:00–21:30 ET window.

24-Hour Summary

Lido DAO/Tether (LDOUSDT) traded between 1.1867 and 1.2081 during the 24-hour period ending at 12:00 ET on 2025-10-05. The pair opened at 1.1867, reached an intraday high of 1.2081, and closed at 1.2022. Total volume amounted to 2,138,316.41, with notional turnover at $2,566,384.28. The pair showed a bearish consolidation pattern in the final hours, with signs of profit-taking emerging.

Structure & Formations

Price tested a key support zone around 1.1891–1.1909 multiple times, finding temporary support during the 16:00–17:30 ET window. A bullish engulfing pattern emerged around 17:30–17:45 ET as price closed above the prior candle’s range. However, this was followed by a bearish hanging man at 23:45–00:00 ET, signaling potential indecision. A doji formed at the close, which may indicate a potential reversal or consolidation before further directional bias.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart indicate a bullish crossover during the 19:45–20:15 ET window, reinforcing the strength of the 1.2055–1.2081 price movement. However, by the close, the 20-period MA had turned slightly bearish as price pulled back. On a daily chart, the 50/100/200 SMA shows a flattening trend, suggesting no strong directional bias at the moment.

MACD & RSI

The MACD turned positive during the 19:45–20:30 ET window, confirming short-term bullish momentum. However, RSI peaked above 70, entering overbought territory, followed by a bearish divergence where price made higher highs while RSI pulled back. This suggests weakening momentum and a potential for a correction.

Bollinger Bands

Volatility expanded significantly during the 20:00–22:45 ET period, with the upper band peaking at 1.2097. Price spent much of the final four hours inside the upper band, indicating a strong and volatile move. The recent contraction in the 00:00 ET–00:15 ET window may suggest a potential reversal or pullback in the near term.

Volume & Turnover

Volume spiked to 157,977.56 during the 19:45–20:00 ET window, coinciding with a sharp price move to 1.2055. Turnover also peaked during this time, confirming the strength of the move. However, volume declined in the final two hours despite a modest price rally, suggesting reduced conviction in the bullish move. A divergence between price and volume in the last 45 minutes raises caution.

Fibonacci Retracements

Using the 1.1891–1.2081 swing, key retracement levels include 38.2% at 1.2007 and 61.8% at 1.1918. Price tested the 38.2% level twice before closing slightly below it, suggesting a potential pullback. For the daily chart, the 61.8% retracement of the recent bullish leg remains key for near-term bearish projections.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position on a bearish engulfing or doji formation near resistance levels above 1.2033, with a stop just above the high of the formation and a target at the next Fibonacci support level. The MACD and RSI divergence could serve as confirmation of the short bias, while volume contraction after a large candle may signal a consolidation period. This approach would be best tested using a 15-minute chart over the past 60 days, focusing on the behavior of key support/resistance clusters and the reaction of RSI to overbought readings.