Lido DAO/Tether (LDOUSDT) Market Overview: Volatility and Bearish Momentum on 2025-10-22

• LDO/USDT fell from 0.9689 to 0.8641, forming a bearish breakdown under key support at 0.9319.
• Volatility expanded as the price swung nearly 10%, with RSI indicating oversold conditions around 0.88–0.89.
• Volume surged during the 17:00–22:00 ET selloff, signaling strong bearish conviction.
• Price closed near 0.8933 at 12:00 ET, rebounding slightly but still below the 20-period MA on the 15-minute chart.
• A potential short-term bounce toward 0.90–0.905 may occur, but further bearish follow-through could target 0.87 or below.

The Lido DAO/Tether (LDOUSDT) pair opened at 0.946 on 2025-10-21 at 12:00 ET and reached a high of 0.9689 before plunging to a low of 0.8641. It closed at 0.8933 on 2025-10-22 at 12:00 ET, marking a bearish 24-hour move. Total volume reached 13.9 million, with turnover hitting $12.5 million (approx., based on volume and average price). The price has displayed heightened volatility and potential exhaustion in bullish momentum.

Structure & Formations

The price action reveals a sharp breakdown under key support levels, particularly around 0.9319–0.93, where it briefly found temporary relief. A notable bearish engulfing pattern emerged during the 17:00–18:00 ET window, followed by a series of bearish inside bars and lower highs. A doji formed near 0.88–0.89, indicating potential short-term exhaustion or a possible bounce.

Moving Averages

On the 15-minute chart, the price is below both the 20-period and 50-period MAs, reinforcing bearish momentum. The 50-period MA has dipped below the 20-period MA, suggesting short-term bearish continuation. On the daily chart, the 50-period MA is above the 200-period MA, indicating a broader bearish trend in the medium term.

MACD & RSI

The MACD has been negative throughout the session, with bearish divergences and a recent crossover below the signal line. The RSI has dipped into the 30–40 range, suggesting the price is approaching oversold territory. A potential bounce from these levels is likely, but a sustained move back above 0.92 may require a bullish reversal.

Bollinger Bands

Volatility has expanded significantly as the price moved from the upper to the lower Bollinger Band. The price currently sits near the lower band, with a potential bounce expected. A contraction in the band width could signal a pause in the move, but for now, the wide bands reinforce continued price discovery to the downside.

Volume & Turnover

Volume surged during the 17:00–22:00 ET selloff, with several 15-minute candles showing above-average turnover. Notable divergence was seen between the price and volume during the 02:00–06:00 ET consolidation phase, where volume dipped despite continued bearish movement. This suggests potential weakening in the short-term bearish momentum.

Fibonacci Retracements

On the 15-minute chart, the price tested key Fibonacci levels at 0.9319 (38.2%) and 0.924 (61.8%) before breaking below. The daily chart shows the 0.87–0.88 zone as a potential target for further Fibonacci extensions. A retest of the 0.90–0.91 level (38.2% retracement) could offer a short-term support zone.

Backtest Hypothesis

To evaluate the “Evening Star” pattern’s predictive value for LDO/USDT, historical data from a precise exchange (e.g., Binance or Coinbase) is required to accurately detect the pattern. Once the correct symbol format (e.g., BINANCE:LDOUSDT) is confirmed, a backtest can be initiated to assess its profitability and reliability over the 2022–2025 period. This analysis will provide insight into whether the pattern could be used for risk-managed short entries on LDO/USDT.