Market Overview for Lido DAO/Tether (LDOUSDT)

Summary
• Price tested and rejected at 0.5850–0.5870 resistance, forming bearish divergence in RSI.
• Volatility increased post-14:30 ET as LDOUSDT dropped ~5.7% and volume surged over 984k.
• A 20-period MA on 5-min chart crossed bearish below price by 16:00 ET, confirming downward bias.
• Bollinger Bands widened after the sharp decline, indicating heightened uncertainty and potential reversal attempts.

At 12:00 ET on 2025-12-07, LDOUSDT opened at 0.5722, reached a high of 0.5868, touched a low of 0.5566, and closed at 0.5756. Total volume was 3,296,849.57, with a notional turnover of approximately $1,916,271.

The 24-hour period saw a sharp correction from 14:30 ET as LDOUSDT fell 5.7% amid a sudden drop in sentiment and elevated volume. A bearish divergence in the RSI around 16:00 ET indicated weakening momentum.

The 20-period moving average on the 5-minute chart crossed bearish and stayed below price, reinforcing downward pressure.

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Structure & Formations

Price broke below the 0.5800–0.5830 consolidation range to the downside, confirming a bearish breakout. A strong support area formed at 0.5750–0.5770, where price found temporary stability after the drop. A large bearish engulfing pattern emerged at 14:30 ET as the candle closed at 0.5651, rejecting higher levels. A key resistance zone is now 0.5820–0.5850, where repeated rejection occurred earlier in the day.

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Moving Averages and MACD

On the 5-minute chart, the 20-period MA dipped below price after 16:00 ET, reinforcing bearish sentiment. The 50-period MA also crossed bearish later in the session. The MACD line turned negative by 15:30 ET and remained below the signal line, signaling weak momentum. On the daily chart, the 50-period MA (0.5785) and 200-period MA (0.5740) suggest a neutral to slightly bearish bias.

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RSI and Bollinger Bands

RSI hit overbought levels at 75+ during the early morning rally, but failed to sustain, showing bearish exhaustion. Later, it dipped below 30 at the low of 0.5566, indicating oversold conditions. Bollinger Bands expanded following the sharp sell-off, with price sitting near the lower band at the close, hinting at potential bounce attempts.

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Volume and Turnover

The sharp selloff at 14:30 ET was supported by a massive volume spike of 984k, with a turnover of ~$555k. This diverged with price, as the sharp drop occurred on high-volume bearish action. Later, volume remained elevated during consolidation but showed no sign of reversal attempts.

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Fibonacci Retracements

On the 5-minute chart, the drop from 0.5868 to 0.5566 reached 61.8% retracement at 0.5690, where price found brief support. The 38.2% level at 0.5780 was tested but not held. On the daily chart, the 50% Fibonacci level sits at 0.5780, aligning with key support.

The market may test the 0.5740–0.5770 zone in the next 24 hours for a potential rebound. However, risks remain to the downside if 0.5700 fails, as that could trigger further bearish cascading.