Market Overview for Lido DAO Token (LDOUSDT) on 2025-07-21

• LDOUSDT declined from 1.27 to 1.246 amid bearish momentum and a 24-hour volume of 38.5 million.
• A bearish engulfing pattern formed at 1.244–1.24, signaling potential continuation of the downward trend.
• RSI and MACD indicate overbought correction and weakening bullish momentum, with price near 61.8% Fibonacci.
• Volatility expanded midday as price tested key support levels, with Bollinger Bands widening.
• Turnover diverged from price in the afternoon, raising questions about market conviction.

Lido DAO Token (LDOUSDT) opened at 1.27 at 12:00 ET − 1 and closed at 1.246 by 12:00 ET today. The pair reached a high of 1.291 and a low of 1.182, with total volume of 38.5 million and a turnover of $47.3 million over the 24-hour window. Price action showed a bearish bias after a midday rally failed to hold above 1.25.

Structure & Formations

A bearish engulfing pattern formed around 1.244–1.24, suggesting a potential continuation of the downward trend. The price also tested a key support level at 1.22–1.24, where it found temporary stability. A bearish divergence in volume and price was observed in the afternoon, as price continued to fall while turnover dipped, signaling weakening conviction in the bearish move. The 61.8% Fibonacci retracement level at 1.24 aligns with this support, suggesting the price may consolidate in this range before the next directional move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging downward, with the price hovering below both. This suggests bearish bias in the short term. On the daily chart, the 50-period MA is above the 100-period MA, indicating a neutral to slightly bullish bias in the medium term. However, the 200-period MA remains above the price, signaling long-term bearish pressure.

MACD & RSI

The MACD crossed below the signal line in the afternoon, confirming bearish momentum. RSI dipped into oversold territory around 1.182–1.19, suggesting a potential bounce. However, the RSI failed to rise above 50 despite the price stabilizing, indicating a lack of bullish conviction. The market appears to be in a corrective phase with a possible continuation of the downtrend.

Bollinger Bands

Volatility expanded midday as the price broke out of a narrow range and moved toward the lower Bollinger Band. The widening bands suggest increased uncertainty in the market. The price has since tested the lower band at 1.19–1.21 and has shown signs of stabilizing, though it remains under pressure.

Volume & Turnover

Volume spiked midday during a brief rally but dropped off as the price resumed its decline. The total notional turnover reached $47.3 million, with a divergence between price and turnover observed in the afternoon. This suggests that while the price continued to fall, the number of trades and liquidity were not supporting the move, raising questions about the sustainability of the bearish trend.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 1.291 to 1.182, the price has found support at the 61.8% level around 1.24. This aligns with a key consolidation zone. On the daily chart, a retracement from the recent high to the 24-hour low also shows 1.24 as a critical area. The price may consolidate in this range or break below it, depending on the next catalyst.

The LDOUSDT pair appears poised for a potential bounce from the 1.24 support level, but bearish momentum remains strong. A break below 1.24 could trigger a test of 1.20, while a retest of 1.25 may offer a short-term trading opportunity. Investors should remain cautious, as volatility and divergences suggest a lack of consensus in the market.