Market Overview for Lido DAO Token (LDOUSDT) – 24-Hour Analysis

• LDOUSDT declined from 0.953 to 0.880 amid bearish momentum and expanding volatility.
• A key support area appears to form near 0.873–0.880, with 0.895–0.902 acting as short-term resistance.
• High-volume selling pressure accelerated after 22:30 ET, triggering a sharp drop to 0.879.
• RSI hit oversold levels (below 30), suggesting a possible near-term bounce.
• Bollinger Bands widened significantly, indicating a period of heightened price uncertainty.

Lido DAO Token (LDOUSDT) opened at 0.951 on 2025-08-01 at 12:00 ET and closed at 0.880 by 12:00 ET on 2025-08-02, with a high of 0.953 and a low of 0.876. Total volume over 24 hours was 25,030,256.00, and notional turnover reached approximately $22,099,611.48.

Structure & Formations

Price action formed a bearish descending triangle pattern on the 15-minute chart, with a breakdown occurring around 22:30 ET. A key support level was tested at 0.879–0.880 and held briefly, suggesting a short-term floor. A bullish engulfing pattern formed at 08:15 ET, signaling a temporary reversal, but it failed to hold amid renewed selling pressure.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing bearish bias. On the daily chart, the 50-period MA is above the 100- and 200-period MAs, but the 24-hour close at 0.880 remains below the 50-day average, suggesting medium-term bearish alignment.

MACD & RSI

The MACD histogram turned negative and diverged from price during the late-night sell-off, indicating weakening bullish momentum. RSI dropped to 29–31, entering oversold territory, which may support a short-term bounce but does not signal a trend reversal. Momentum appears to be favoring sellers for now.

Bollinger Bands

Bollinger Bands expanded significantly as volatility increased during the sell-off, with price closing near the lower band at 0.880. This suggests a period of heightened uncertainty and potential mean reversion. A rebound to the mid-band could test 0.894 in the near term.

Volume & Turnover

Volume spiked sharply after 22:30 ET with a 15-minute bar printing 1,304,595.54 in volume and 1,160,389.16 in turnover. This was followed by continued selling pressure, with turnover exceeding $2.5M during the 22:30–00:00 ET window. Price and turnover aligned during the decline, indicating conviction in the bearish move.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level of the 0.876–0.906 swing is at 0.890, which may act as a near-term resistance. The 38.2% level at 0.884 was briefly tested but failed to hold. On the daily chart, the 61.8% retracement of the 0.873–0.953 move is at 0.913, a potential long-term resistance.

The 24-hour sell-off has left LDOUSDT near key support levels, with RSI in oversold territory and Bollinger Bands suggesting a potential bounce. However, the breakdown of the descending triangle and strong bearish momentum indicate caution. A short-term rebound to 0.890–0.902 could occur, but without a decisive break above 0.905, the bearish bias may persist. Investors should monitor volume and turnover for signs of a reversal or continuation.