Lido DAO/Tether Market Overview for 2025-11-05

Summary
• LDOUSDT closed at 0.7415 after opening at 0.7254 and reaching a high of 0.7542.
• Volatility increased sharply during the 24-hour window with a volume of ~48.4M.
• Notional turnover was ~35.8M USD, showing strong trading interest despite late-day consolidation.
• RSI and MACD suggest overbought conditions toward the close, hinting at possible near-term pullback.

Lido DAO/Tether (LDOUSDT) opened at 0.7254 on 2025-11-04 at 12:00 ET and closed at 0.7415 on 2025-11-05 at 12:00 ET. The pair reached a high of 0.7542 and a low of 0.6687 during the 24-hour period. Total volume was approximately 48.4 million units, with a notional turnover of ~35.8 million USD.

Structure & Formations

The price moved between two key levels during the session: a support zone near 0.690 and a resistance cluster forming at 0.740–0.750. A notable bullish engulfing pattern emerged after the 0.7055 low at 17:15 ET, followed by a strong rally through the 0.730–0.740 corridor. A bearish reversal pattern, however, appeared near the 0.7542 high at 15:00 ET, suggesting increasing pressure for consolidation or a pullback.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs crossed positively between 0.720 and 0.735, indicating bullish momentum. However, the 50EMA is beginning to lag behind the recent high of 0.7542, hinting at the potential for a re-test of the 0.730–0.740 range. On the daily timeframe, the 50, 100, and 200-day SMAs remain aligned to the upside, but the 200SMA at 0.712 remains a key psychological level for near-term support.

MACD & RSI

The MACD line crossed above the signal line multiple times during the rally, confirming momentum before the 0.740–0.750 resistance. The histogram expanded positively but began to contract near 0.750, indicating some exhaustion. RSI moved into overbought territory (75+) after the 0.7542 high, suggesting the pair could face near-term selling pressure as it approaches the 0.740–0.745 range.

Bollinger Bands

The Bollinger Bands expanded significantly during the early rally and tightened during the consolidation phase, indicating a potential breakout or breakdown scenario. The price closed near the upper band at 0.750, signaling strong short-term bullish energy, though a failure to break above this level could lead to a re-test of the lower band near 0.725.

Volume & Turnover

Trading volume spiked sharply between 0.720 and 0.750, with the most intense buying observed between 20:30 and 22:30 ET. Notional turnover spiked above 3.5M USD during these intervals, confirming the strength of the rally. However, volume has started to moderate as the price approached the 0.750 resistance level, suggesting caution among traders.

Fibonacci Retracements

The 38.2% retracement level (~0.725) acted as a key support area for most of the session, while the 61.8% level (~0.739) provided resistance. A re-test of the 61.8% level during the early hours of 2025-11-05 was partially successful before the price broke into new highs. These retracements remain key in the near term.

Backtest Hypothesis

Given the observed overbought RSI readings and the bearish reversal candle at 0.7542, a potential backtesting strategy might look to short the pair after a confirmed close below 0.740. The 0.730–0.740 zone is a strong candidate for a potential pullback, and the RSI divergence observed near 0.750 could signal a mean reversion opportunity. A combination of RSI divergence, MACD contraction, and bearish candlestick formations would serve as confirmation for the strategy.