LDOUSDT Market Overview for 2025-09-06

• Price of Lido DAO/Tether USDt (LDOUSDT) declined from a high of 1.1914 to a low of 1.1522 over the 24-hour period.
• A bearish momentum was indicated by RSI dipping below 30 and MACD showing negative divergence.
• Volatility expanded early on, with a Bollinger Band widening, followed by a narrowing as consolidation set in.
• A key support level emerged around 1.15–1.16 as price tested this range multiple times with increased volume.
• Turnover surged during the rally to 1.1914, suggesting strong short-term speculative interest before the pullback.

Lido DAO/Tether USDt (LDOUSDT) opened at 1.1791 on 2025-09-05 at 12:00 ET and closed at 1.1570 on 2025-09-06 at 12:00 ET, hitting a high of 1.1914 and a low of 1.1522. The pair saw a total 24-hour volume of 3,834,521.78 and a total turnover of 4,449,463.48 USD.

Structure & Formations

The LDOUSDT price action over the past 24 hours featured a distinct bearish bias, marked by a strong selloff following a short-lived bullish breakout above 1.19. A notable bearish engulfing pattern formed after the 1.1914 high, with a large red candle closing the session at 1.1570. This suggests aggressive shorting activity and a possible shift in momentum. A key support level at around 1.15–1.16 appears to have held multiple times, with price bouncing off this zone with higher volume on each retest, indicating a potential area of accumulation. A doji formed near 1.1670, suggesting indecision and a possible near-term reversal if the 1.16–1.1630 range can hold.

Moving Averages and Bollinger Bands

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, aligning with the bearish bias. The 50-period MA crossed below the 20-period MA, reinforcing the bearish signal. The Bollinger Bands initially expanded as price surged toward 1.1914, but later narrowed during the consolidation phase, indicating a potential reversal setup. On the daily chart, the 50/100/200-period MAs suggest a strong downtrend, with the price currently below all three. This alignment could pressure the pair further in the near term if not retested and rejected.

MACD and RSI

The MACD indicator turned negative and remained below its signal line for most of the 24-hour period, confirming the bearish momentum. A bearish crossover occurred near 1.1914 before the sell-off, followed by a declining histogram, which is a strong bearish signal. The RSI dipped below 30 into oversold territory around 1.1530, suggesting a potential short-term rebound. However, the lack of a strong follow-through in volume at this level weakens the validity of the oversold bounce. A bearish divergence appeared on the RSI, with price making lower highs but the indicator failing to confirm with lower lows, indicating potential further downside.

Volume and Turnover

Volume spiked sharply during the initial rally to 1.1914, with a large 15-minute candle showing a volume of 209,587.2 and a turnover of 246,309.8 USD. However, volume significantly declined during the subsequent bearish move, indicating a lack of follow-through from the bullish side. The consolidation phase saw increased volume at the 1.16–1.1630 level, which may indicate a potential support zone forming. A divergence between price and volume can be observed during the final leg down, where volume decreased despite a continued drop in price, suggesting weakening bearish momentum and possibly a short-term bottom forming.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 1.1522 to 1.1914 swing, the 38.2% and 61.8% levels correspond to 1.1698 and 1.1750, respectively. The price failed to hold these levels and instead broke below the 1.1522 swing low, suggesting a potential extension of the move to key psychological levels such as 1.14 or even 1.12 if the selloff continues. On the daily chart, the 50% retracement of the previous major bearish move aligns with the 1.15–1.16 range, which has shown repeated support, reinforcing its significance.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions on a break below the 1.15–1.16 support zone, confirmed by bearish divergences in RSI and a bearish crossover in the MACD. Stop-loss levels could be placed just above 1.1650, while take-profit targets could align with the 61.8% Fibonacci extension at 1.1350. The Bollinger Band contraction observed during the consolidation phase suggests a high-probability breakout, and the volume divergence during the final leg down may indicate the exhaustion of the current bearish momentum. This setup, combined with the 1.15–1.16 level acting as a magnet for price multiple times, could offer a high-reward, low-risk trade setup for the next 24–48 hours.