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

• Price fell 1.8% from $1.2509 open to $1.2144 close
• 24-hour low reached $1.2142 amid 16:00 ET sell-off
• RSI oversold at 29; Bollinger Band contraction signals low volatility
• Volume spiked at 19:30 ET but failed to trigger a rebound
• Strong support forming near $1.2140–$1.2200 range

Lido DAO/Tether (LDOUSDT) opened at $1.2509 on October 3, 2025 at 12:00 ET and closed at $1.2144 by the same time on October 4, 2025, hitting a 24-hour high of $1.2839 and a low of $1.2142. The total traded volume was approximately 8,089,666.97 units, with a notional turnover of roughly $10,046,478.00. The pair experienced a significant drop in price following a strong short-term spike in volume and price around 19:30 ET.

Structure & Formations

Price action from 19:30 to 20:15 ET showed a bearish continuation pattern, with a long upper shadow at $1.2839 and a decisive close near the 24-hour low. A potential support zone formed between $1.2140 and $1.2200, marked by multiple bounces and a large bearish candle at $1.2221. A doji at $1.2287 near 01:15 AM ET indicated indecision and potential exhaustion in the short-term downtrend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained in a bearish crossover, with prices consistently below both. On the daily chart, the 50-period MA sits at approximately $1.2350, with the 100-period and 200-period MAs at $1.2400 and $1.2500 respectively, suggesting a continuation of bearish bias in the near-term.

MACD & RSI

The MACD line crossed below the signal line around 20:15 ET, reinforcing bearish momentum. The RSI reached 29 by 04:30 AM ET, entering oversold territory, but a rebound has yet to materialize. This suggests a potential consolidation or reversal could be in the near term if buyers step in.

Bollinger Bands

Bollinger Bands contracted between 00:00 and 02:00 ET, signaling a period of low volatility. Price broke below the lower band at 19:30 ET and remained there until 04:30 ET, indicating strong bearish pressure. The current price of $1.2144 is near the lower band, suggesting a possible rebound or a continuation of the trend.

Volume & Turnover

Volume spiked to over 1.5 million units at 19:30 ET, coinciding with a sharp price drop to $1.2221. Despite the high volume, price failed to recover, hinting at a lack of buyer participation. Notional turnover also peaked at the same time, reinforcing bearish sentiment. The final hours of the 24-hour period saw a steady decrease in both volume and turnover, indicating waning interest.

Fibonacci Retracements

On the 15-minute chart, the $1.2144 close is near the 61.8% Fibonacci retracement level of the prior upward swing, suggesting a key support level. Daily Fibonacci levels also suggest potential support at $1.2320 (38.2%) and $1.2190 (61.8%), both of which have been tested but not held.

Backtest Hypothesis

A potential backtesting strategy could be a mean-reversion model triggered when RSI falls below 30 and price breaks the 20-period moving average on the 15-minute chart. A long entry could be placed near the 61.8% Fibonacci level, with a stop-loss at the prior 24-hour low and a target at the nearest resistance level. The strategy would aim to capture a bounce off oversold territory amid a contracting Bollinger Band, leveraging low volatility as a potential setup for a reversal.

Looking ahead, traders may monitor the $1.2140–$1.2200 support cluster for a potential bounce or breakdown. A sustained move above $1.2280 could indicate a short-term reversal, but until volume and momentum confirm the shift, bearish bias remains intact. As always, price can be volatile in the next 24 hours; caution is advised.