Market Overview for Lido DAO/Tether (LDOUSDT) – 24-Hour Technical Update

• LDOUSDT traded in a 0.9278–0.9734 range, closing 0.936 vs. an 0.9439 open
• A bearish reversal is suggested with a 61.8% Fib level at 0.9377 and support at 0.929
• Volume spiked at 404,454.24 during a 7-hour selloff, indicating heightened bear pressure
• RSI remains below 50, and MACD shows bearish divergence with price
• Volatility expanded with a BB width peak at ~0.006 during the late-night decline

Lido DAO/Tether (LDOUSDT) opened at 0.9439 on October 27, 2025 (12:00 ET), surged to a high of 0.9734, and closed at 0.936 at 12:00 ET the following day. Total volume over the 24-hour period reached 3,942,493.39, with a notional turnover of approximately $3,729,984. Price action suggests a significant bearish shift.

Structure & Formations

Price action displayed a descending broadening formation from 0.965 to 0.929, with a key bearish engulfing pattern forming at the peak around 0.9655 on October 27 at 17:00 ET. This was followed by a large bearish marubozu as the price moved from ~0.965 to ~0.940 in under 12 hours. Key support levels appear to be forming at 0.9377 (61.8% Fib retracement) and 0.929 (recent low), while resistance remains at 0.941 and 0.946. The recent breakdown of the 0.939–0.946 range suggests a shift in market sentiment toward bearish territory.

Moving Averages and Indicators

On the 15-minute chart, the 20-period and 50-period moving averages have both moved downward, with the 20 SMA crossing below the 50 SMA — a bearish “death cross” signal. RSI remains below 50, indicating weak momentum, with a bearish divergence noted as price continues to fall while RSI shows only minimal recovery. MACD is in negative territory, with the histogram expanding downward, reinforcing the bearish bias. Bollinger Bands have expanded, with price currently near the lower band, indicating heightened volatility and a high probability of further consolidation or a test of key support levels.

Volume & Turnover Analysis

Volume spiked dramatically during the selloff from 0.965 to 0.929, with a 7-hour stretch (October 28, 02:15–09:45) averaging over 100,000 volume per 15-minute candle. This suggests strong bearish conviction and likely liquidation of long positions. However, the most recent 15-minute candles show a reduction in volume despite further price declines, which may signal exhaustion in the downward move. Turnover mirrored volume patterns, with a peak during the 04:00–06:00 ET window, consistent with the largest price drop.

Fibonacci Retracements and Volatility Clues

Key Fibonacci levels derived from the recent swing high (0.9734) to the swing low (0.9278) show that 0.9377 (61.8%) has been tested and failed as support. The price has since settled near 0.936, below the 61.8% Fib level. A retest of 0.929 (100% Fib) seems likely if bearish momentum persists. Volatility has increased, as reflected in Bollinger Band expansion and high volume, with a potential contraction expected near the 0.936–0.939 range, offering a possible short-term reversal zone.

Backtest Hypothesis

Given the bearish momentum and the recent bearish engulfing pattern at 0.9655, a backtest strategy could be structured around a bearish breakout approach. For example, opening a short position upon the confirmation of a bearish engulfing pattern and holding it for 7 calendar days or until the next significant support level (0.9377 or 0.929) is reached. This could be further refined by using a stop-loss near 0.942 (the 38.2% Fib retracement) to limit potential losses if the price rebounds. A fixed 7-day holding period may help capture the full downward leg of the current trend, while incorporating a stop-loss adds a layer of risk control. Initial signals may appear from October 28, 13:00–14:00 ET, following the consolidation phase after the selloff.