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Summary
• Price surged past 0.6100 with a bullish engulfing pattern at 0.6062–0.6103.
• RSI shows moderate momentum with no overbought conditions yet.
• Volume spiked 1.4x above average in late-night hours.
• 20-period MA crossed above price after midday consolidation.
• Price retreated into Bollinger Bands mid-morning before strong rebound.
Lido DAO/Tether (LDOUSDT) opened at 0.5989 on 2026-01-01 12:00 ET, reaching a high of 0.6309, a low of 0.5978, and closing at 0.6257 by 2026-01-02 12:00 ET. Total volume was 6.01 million, with a notional turnover of $3.79 million.
Structure & Formations
Price broke out of a descending triangle pattern after forming a bullish engulfing candle on the 5-minute chart between 0.6062 and 0.6103. A key support level appears to be forming near 0.6095, which has acted as a floor multiple times. A strong bearish reversal could form if the 0.6150–0.6175 resistance zone fails.
Volatility and Indicators

Volume and Turnover
Volume surged past 300,000 in the 5-minute timeframe during the peak breakout at 16:30–16:45 ET, representing a 1.4x increase over the 24-hour average. Turnover confirmed the price action, with a sharp rise in dollar value during the breakout phase. However, volume began to taper off during the afternoon, which could indicate short-term profit-taking.
Fibonacci Retracements
Key Fibonacci levels for the most recent 5-minute swing (0.6062–0.6309) suggest possible support at 0.6211 (38.2%) and 0.6172 (61.8%). For the broader daily move, the 0.618% level sits near 0.6066, which could become a pivotal area if the price retraces further.
Over the next 24 hours,
appears poised to either consolidate above 0.6150 or test the breakout level’s validity with a pullback. Investors should monitor the 0.6095 support and RSI behavior for signs of waning momentum. As with all crypto assets, sudden macroeconomic or market sentiment shifts could invalidate current technical patterns.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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