Market Overview for Lido DAO/Tether (LDOUSDT)

Summary
• Price declined from 0.7671 to 0.7536 over 24 hours.
• Key support appears at 0.745–0.75, with resistance at 0.765–0.77.
• Volatility and turnover increased during late-night rebound attempts.

Lido DAO/Tether (LDOUSDT) opened at 0.7659 on 2025-11-05 at 12:00 ET, reached a high of 0.7787, and closed at 0.7536 on 2025-11-06 at 12:00 ET. The pair fell sharply in the morning hours before a late-night rebound. Total 24-hour volume was 15.13M, with a notional turnover of $11.6M, indicating moderate activity amid mixed sentiment.

Structure & Formations

The pair formed a bearish continuation pattern throughout the session, with a key bearish reversal observed between 03:30 and 03:45 ET when price spiked to 0.7787 before sharply correcting. A series of bearish engulfing patterns were visible from 01:45 to 03:00 ET. Notable support levels are at 0.745, 0.750, and 0.755, while resistance is seen at 0.765 and 0.770.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the late evening, reinforcing bearish momentum. For daily timeframes, the 50-period MA remains above the 100 and 200-period MAs, suggesting medium-term bearish bias.

MACD & RSI

The MACD turned negative mid-session, with bearish divergence visible in the late morning. RSI fell into oversold territory in the early hours, but failed to trigger a sustained rebound. Momentum remains weak, with RSI oscillating between 30 and 45.

Bollinger Bands

Price traded near the lower Bollinger Band for much of the session, with a brief break above the middle band in the early morning. Volatility expanded after 03:30 ET following the sharp high, indicating heightened uncertainty.

Volume & Turnover

Volume increased significantly during the late-night rebound, with a large candle at 03:30 ET (volume: 717,361.02). This volume confirmed the break of 0.770, but failed to hold above 0.775. Divergence between volume and price is evident in the latter half of the session, as price dipped lower while volume remained moderate.

Fibonacci Retracements

Key Fibonacci levels from the 03:30 ET high to the 05:30 ET low include 61.8% at 0.760 and 38.2% at 0.757. Price failed to hold the 61.8% level, breaking it in the morning hours and heading toward the 38.2% and lower.

Backtest Hypothesis

Given the bearish pattern identified in this period—particularly the bearish engulfing and divergence in RSI and MACD—this session is a candidate for backtesting a reversal strategy based on such candlestick signals. A potential approach would be to sell at the close of a confirmed bearish engulfing pattern with RSI in overbought territory and a bearish MACD crossover. This strategy would aim to capture the sharp corrections that followed, as seen in the 03:45–04:00 ET range. Further testing across historical data (e.g., 2022–2025) could validate the strategy’s robustness and risk-reward profile.