Market Overview: Lido DAO/Tether (LDOUSDT) 24-Hour Technical Analysis

• Price declined from 0.9607 to 0.9516 over 24 hours amid a bearish momentum buildup.
• RSI approached oversold levels, hinting at potential short-term bounce.
• Volatility remained moderate, with Bollinger Bands narrowing slightly in the final 6 hours.
• Volume surged during the 22:15–22:30 ET spike, driving a sharp 2.5% rally.
• Fibonacci retracement levels at 0.9465 and 0.9525 appear to be key for near-term support.

The Lido DAO/Tether (LDOUSDT) pair opened at 0.9598 on 2025-10-26 at 12:00 ET and closed at 0.9516 on 2025-10-27 at 12:00 ET. The 24-hour period saw a high of 0.9607 and a low of 0.9436, with total trading volume reaching 16,869,684.48. Notional turnover was approximately $16,168,728.00 over the same window. The price action reflects a bearish trend, with a significant drop in the latter half of the day and a potential short-term bounce emerging from oversold RSI levels.

Structure and formations over the 15-minute chart highlight a bearish continuation pattern. A strong resistance level is observed at 0.9607, with a failed test of this level driving a sharp decline. On the downside, key support is forming at 0.9516 and 0.9436, with candlestick patterns such as a hanging man and a bearish engulfing pattern observed around these levels. The price may continue to test these levels for confirmation of a trend reversal or further bearish extension.

Moving averages reinforce the bearish tone. The 20-period and 50-period moving averages on the 15-minute chart are both trending lower, with the price currently below both. On the daily chart, the 50-period MA is also trending downward and is likely to cross below the 200-period MA in the near term, which would confirm a bearish crossover. A bearish alignment of moving averages may encourage further shorting activity, although a break above the 0.9534 level could trigger a retest of the 0.9575–0.9607 range.

The MACD line crossed below the signal line earlier in the session, confirming a bearish momentum shift. RSI readings have dipped into the 30–35 range, indicating potential oversold conditions. This could lead to a short-term bounce, although a retest of the 0.9436 support is expected if the RSI remains below 40. Bollinger Bands have narrowed in the final 6 hours, suggesting a possible breakout or continuation in the near term. Volatility remains moderate, but the recent volume spike during the 22:15–22:30 ET rally highlights a key moment of conviction among traders.

Backtest Hypothesis

To further evaluate the bearish bias observed in LDOUSDT, a backtest strategy could be implemented based on MACD crossovers. A potential approach would involve entering a long position when the MACD line crosses below the signal line (bearish death cross) and exiting upon the next crossover. Given the current price behavior and momentum indicators, this strategy could test whether the observed bearish momentum offers a consistent edge. For the LDOUSDT pair, applying this strategy from 2022-01-01 to 2025-10-27 would help validate the hypothesis.