Market Overview for Lido DAO/Tether (LDOUSDT) – 2025-09-18

• Price surged above 1.3100 amid rising volume and bullish momentum
• RSI crossed 60, suggesting potential overbought conditions
• Bollinger Bands expanded post-breakout, signaling increased volatility
• 15-minute chart shows a bullish engulfing pattern at key support
• Notional turnover spiked during midday ET, aligning with price action

Lido DAO/Tether (LDOUSDT) opened at 1.1889 on 2025-09-17 12:00 ET and closed at 1.3134 on 2025-09-18 12:00 ET. The price reached a high of 1.3456 and a low of 1.1752 during the 24-hour period. Total volume was 18,926,596.8 and turnover was approximately 25,633,112.51. The pair demonstrated a strong upward move, particularly in the early hours of September 18.

Structure & Formations

The price broke out of a key resistance zone around 1.3000 with a bullish engulfing pattern observed at 1.3007–1.3118, confirming a shift in sentiment. A significant bearish divergence in price and RSI occurred during the pre-breakout phase. Key support levels were identified at 1.2000 and 1.2500, while resistance emerged at 1.3000 and 1.3456. A long-legged doji formed at 1.3348–1.3285, suggesting indecision near 1.3400.

Moving Averages

On the 15-minute chart, price crossed above the 20-period and 50-period moving averages around 05:00–06:00 ET, confirming a short-term bullish trend. Daily moving averages (50/100/200) show a strong bullish alignment, with price well above all three, indicating sustained momentum.

MACD & RSI

MACD showed a strong bullish crossover around 04:00–05:00 ET, aligning with the price breakout. RSI rose above 60 into overbought territory during midday ET, suggesting caution for potential pullbacks. However, the RSI did not show signs of divergence, implying the bullish move may continue in the short term.

Bollinger Bands

The price moved above the upper Bollinger Band following the breakout at 1.3000, confirming high volatility. The bands had been in a contraction phase until 04:00 ET, setting the stage for the move. Price remained above the upper band for most of the day, indicating strong buying pressure.

Volume & Turnover

Volume spiked during the breakout phase (04:00–06:00 ET), with notional turnover peaking at 930,126.95 during the 05:00 ET candle. A divergence was noted between price and volume during the afternoon as volume waned while price remained elevated, potentially signaling exhaustion.

Fibonacci Retracements

Applying Fibonacci to the swing from 1.1752 to 1.3456, key retracement levels are at 1.2936 (38.2%) and 1.2593 (61.8%). Price held above 1.2936 and is testing the 1.3456 high, suggesting a potential continuation above 1.3456 if it can hold above 1.3000.

Backtest Hypothesis

The bullish engulfing pattern on the 15-minute chart and the alignment of moving averages suggest a potential short-term continuation above 1.3456. A backtest strategy could involve entering long on a close above 1.3300 with a stop loss at 1.3100 and a take profit at 1.3600. The RSI’s overbought reading and divergence in volume may act as natural constraints, but the overall structure and momentum support a test of higher levels.

While LDOUSDT has shown strong momentum, traders should remain cautious of potential overbought conditions and volume exhaustion. A pullback to 1.2936–1.3000 could provide a re-entry opportunity for long positions. The next 24 hours will test whether buyers can sustain the move above 1.3456 or if a consolidation phase is imminent.