Lido DAO/Tether USDt Market Overview

• LDOUSDT fell from 1.1832 to 1.1624 over 24 hours, closing near a key Fibonacci level.
• Volume increased during early Asian hours, signaling a potential reversal attempt.
• RSI entered oversold territory, suggesting a short-term bounce could occur.
• Volatility expanded mid-session, with price trading below the 20-period MA.
• Bollinger Bands widened, indicating increased uncertainty in the market.

Lido DAO/Tether USDt (LDOUSDT) opened at 1.1832 on 2025-09-05 at 12:00 ET and closed at 1.1624 on 2025-09-06 at 12:00 ET, with a high of 1.1958 and a low of 1.1644 over the 24-hour period. Total volume was 3,307,382.09 and total turnover was $3,928,076.37, reflecting mixed sentiment and moderate activity.

Structure & Formations

Price action revealed a bearish continuation over the 24-hour period, with LDOUSDT falling through key support levels around 1.18 and 1.17. A notable bearish engulfing pattern appeared on the candle closing at 1.1684, confirming downward pressure. A doji formed at 1.1822, suggesting indecision before the final leg of the decline. These patterns indicate that bearish momentum is likely to persist, although a rebound near 1.175 could signal a short-term reversal.

Moving Averages and Fibonacci Retracements

On the 15-minute chart, the 20-period and 50-period moving averages (20SMA at 1.180 and 50SMA at 1.178) crossed below price during the morning hours, confirming a bearish bias. Daily moving averages (50DMA at 1.175, 100DMA at 1.173, and 200DMA at 1.170) also support a bearish outlook. Key Fibonacci retracement levels of 1.175, 1.185, and 1.195 align with the 20SMA, 50DMA, and swing highs, respectively. Price may test the 1.164–1.165 level before finding a near-term bottom.

MACD & RSI

The MACD histogram showed bearish divergence throughout the day, with the line crossing below the signal line and remaining negative. This indicates weakening bullish momentum. The RSI, at 29.4 on the 1-hour chart, entered oversold territory, hinting at a potential bounce. However, without a strong close above 1.178, the RSI may remain subdued. Traders should watch for a RSI rebound above 35 as a possible signal of a short-term reversal.

Volatility and Turnover

Volatility expanded during mid-Asian trading hours, as Bollinger Bands widened to 1.192–1.179. Price found itself at the lower band during the final hours of trading, indicating exhaustion. Notional turnover spiked during the early session and again late in the Asian and early European hours. A divergence appeared between volume and price, as higher volume did not support a higher price, suggesting weak conviction in any bullish moves.

Backtest Hypothesis

Given the bearish divergence in the MACD and the RSI reaching oversold conditions, a potential trading strategy could involve a long bias on a retest of key Fibonacci support at 1.164–1.165, with a stop just below the 1.162 level. A close above 1.170 would trigger a short-term target at 1.175–1.178, with a trailing stop to lock in gains. Historical data from similar setups suggests that a 2.5–3% rebound is possible within 48 hours if volume supports the move. This strategy could be backtested using a 1.165–1.175 price range as a reversal zone, with a 1.170 trigger for entry.