Lido DAO/Tether Market Overview

• Price tested 1.1156 resistance before consolidating near 1.1123.
• RSI indicates weakening momentum, suggesting potential bearish bias.
• Volume surged during the early overnight low, but price failed to break 1.1050.
• Bollinger Bands tightened ahead of the final 15-minute window, signaling potential volatility.
• Fibonacci retracement levels at 1.1136 and 1.1087 acted as key reversal triggers.

Opening Summary

Lido DAO/Tether (LDOUSDT) opened at 1.1163 on 2025-09-22 at 16:00 ET and closed at 1.1123 on 2025-09-23 at 12:00 ET. The pair reached a high of 1.1287 and a low of 1.0901 during the 24-hour period. Total traded volume amounted to 2,034,391.97, while notional turnover reached approximately $2,253,000 (based on 1.1123 average price).

Structure & Formations

Price action developed in a volatile 24-hour period, marked by a bearish breakdown below 1.1136 Fibonacci level followed by a sharp countertrend rally. A key 15-minute engulfing candle at 09:15–09:30 ET marked a significant reversal from 1.1269 to 1.1322. A doji at 1.1156 suggested indecision at a critical resistance level. Notable support was observed at 1.1087 and 1.1123, where buyers stepped in multiple times.

Moving Averages & Bollinger Bands

On the 15-minute chart, the 20-period moving average (SMA) ran above 1.1150, acting as a dynamic resistance. The 50-period SMA sat at ~1.1125, aligning with the 1.1123 close. Bollinger Bands showed a contraction phase around 04:00–05:00 ET, followed by a breakout to the upside, confirming a continuation of bullish momentum. The price remained within the upper and lower bands, indicating moderate volatility.

MACD & RSI

The MACD remained in positive territory for the final 12 hours, indicating sustained buying pressure, though momentum weakened toward the close. RSI fluctuated between overbought (>60) and neutral (<50) conditions, reaching 63 at 09:15–09:30 ET before retreating to 56 at the close. RSI divergence at 02:00 ET hinted at potential bearish exhaustion, but a strong rally in the afternoon negated this.

Volume & Turnover

Volume spiked to ~$670,000 during the 09:15–09:30 ET rally, confirming the move higher. However, the final 3-hour period saw a drop in volume despite continued price consolidation near 1.1123. This suggests a lack of follow-through. The highest turnover occurred during the 09:15–09:30 ET session at 1.1322, while a key rejection at 1.1156 coincided with a volume drop.

Fibonacci Retracements

A 15-minute swing from 1.0901 (low) to 1.1343 (high) defined key levels. The 61.8% retracement at 1.1136 acted as a significant resistance and pivot point. The 38.2% retracement at 1.1123 became a consolidation level during the final hours. Daily Fibonacci levels from the 1.1050 low to the 1.135 high showed 61.8% at 1.122, which was tested and rejected in the afternoon.

Backtest Hypothesis

A potential strategy involves entering long positions when price breaks above 1.1156 resistance with confirmation via increased volume and a bullish engulfing pattern, while setting a stop loss below 1.1123. This would align with the 20-period moving average as dynamic support. Given the recent volatility and RSI neutrality, this setup could be tested using 1.1156 as a trigger and 1.122 as a profit target based on Fibonacci levels. Such a strategy may offer a favorable risk-reward ratio in a market that appears to be building short-term directional momentum.