Market Overview for Lido DAO/Tether (LDOUSDT) – 2025-09-24

• Price opened at $1.1157 and traded between $1.1017 and $1.1367 over 24 hours, closing at $1.1323.
• A bullish breakout above 1.1325 and consolidation at 1.1215–1.1256 suggest a potential reversal.
• Volume surged to 890k at 4:15 AM ET, aligning with a sharp price drop to 1.1036.
• RSI hovered near overbought levels after 8:00 AM ET, signaling possible exhaustion of bullish momentum.
• Bollinger Bands showed mild expansion after 9:00 AM ET, indicating increased volatility.

The Lido DAO/Tether (LDOUSDT) pair opened at $1.1157 at 12:00 ET – 1 and reached a high of $1.1367, while hitting a low of $1.1017 over the 24-hour period. The pair closed at $1.1323 at 12:00 ET. Total traded volume was 10,622,681.49 and total turnover was $11,799,722.33, showing moderate to high liquidity across the session.

Structure & Formations

The price action formed a bearish engulfing pattern around 4:15 AM ET, as a large bearish candle engulfed the preceding bullish candle, indicating a shift in sentiment. A key support zone developed between $1.1215 and $1.1256, where the pair consolidated for several hours, forming a potential base. Resistance levels were observed at $1.1325 and $1.1367, with the latter acting as a recent swing high. A doji candle around 6:45 AM ET and another at 10:30 AM ET signaled indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near $1.123 at around 8:00 AM ET, indicating a shift in trend from bearish to bullish. The 50-period MA held above the 20-period MA for most of the session, suggesting continued dominance by bulls. On the daily chart, the 50-period MA is positioned at $1.122, while the 200-period MA sits at $1.118, indicating the price remains above its long-term trend.

MACD & RSI

MACD crossed above the signal line at 6:00 AM ET and remained positive throughout the session, confirming the bullish bias. RSI reached a peak of 68 near 8:00 AM ET, indicating a moderate overbought condition, and then retreated into neutral territory. The divergence between rising prices and declining RSI after 10:00 AM ET suggests a potential pullback could be imminent.

Bollinger Bands

Bollinger Bands showed a period of contraction at 7:00 AM ET before a sharp expansion following the bearish engulfing candle, signaling increased volatility. Price remained inside the bands for most of the session but tested the upper band at 11:30 AM ET before retracing back toward the midline. This behavior suggests the price is still within its defined volatility range but with increasing pressure from buyers.

Volume & Turnover
Volume was generally moderate but spiked significantly at 4:15 AM ET with over 890,000 units traded, aligning with the bearish engulfing candle and a sharp drop to $1.1036. Turnover followed a similar pattern, peaking at the same time. There was a noticeable divergence between rising prices and declining volume after 10:00 AM ET, hinting at weakening bullish momentum.

Fibonacci Retracements

Fibonacci levels from the swing low at $1.1017 and swing high at $1.1367 indicated key retracement levels at $1.1215 (38.2%) and $1.1272 (61.8%). The price consolidated around these levels for several hours, suggesting a potential continuation pattern. The 50% retracement at $1.1190 appears to have served as a psychological pivot point for traders during the session.

Backtest Hypothesis

The proposed backtesting strategy hinges on combining RSI and Bollinger Band signals on the 15-minute chart. A long entry could be triggered when RSI crosses below 30 (oversold condition) and the price touches the lower Bollinger Band, indicating a potential reversal. A sell signal might be generated when RSI exceeds 70 and the price touches the upper band, signaling an overbought condition. Stop-loss orders could be placed beyond the most recent swing high or low, and take-profit targets aligned with Fibonacci retracement levels. This approach may work best in a range-bound environment, as seen today, but would struggle during strong breakouts or volatile news-driven moves.