Market Overview: Lido DAO Token (LDOUSDT) – 24-Hour Technical Summary

• Price surged from 1.46 to 1.54 before a sharp correction to 1.33, forming a bearish reversal pattern near 1.51.
• Volume spiked during the 1.51–1.54 upswing but sharply declined during the 1.46–1.33 correction, signaling potential exhaustion.
• RSI and MACD showed bearish divergence, with RSI hitting oversold territory near 1.33.
• Bollinger Bands widened during the 1.54 high, followed by a sharp contraction during the selloff.
• Fibonacci levels at 1.43 and 1.36 appear to offer near-term support amid a broader bearish trend.

Market Overview

Lido DAO Token (LDOUSDT) opened at 1.46 on 2025-08-24 at 12:00 ET, reached a high of 1.543, and closed at 1.352 at 12:00 ET the following day. The price action displayed a sharp bearish reversal, dropping from 1.54 to 1.33 over a single large-volume candle. Total volume amounted to 11,425,725.7 and turnover reached $16,731,327, showing strong participation during both bullish and bearish phases.

Structure & Formations

The 15-minute OHLC data reveals a key bearish reversal pattern near the 1.51–1.54 level, where large-volume candles indicate heavy selling pressure after a brief bullish breakout. A large bearish engulfing pattern formed during the session, signaling potential exhaustion of the upward momentum and increasing bearish sentiment.

Moving Averages

On the 15-minute chart, price closed below both the 20 and 50-period moving averages, reinforcing the bearish bias. On the daily chart, the 50-period MA is above the 200-period MA, but the current price is below both, suggesting a potential bearish crossover.

MACD & RSI

The MACD line crossed below the signal line during the selloff, confirming bearish momentum. RSI hit an oversold reading of 27 near the 1.33 level, suggesting a potential bounce may be on the cards. However, the divergence between the price and RSI implies caution, as the indicator failed to confirm the recent price action.

Bollinger Bands

Volatility was high during the 1.51–1.54 rally, with the Bollinger Bands expanding significantly. The sharp drop to 1.33 compressed volatility, and price now trades near the lower band, which may act as a support level in the near term.

Volume & Turnover

Volume was highest during the 1.51–1.54 rally, indicating strong buying pressure. However, during the 1.33 low, volume dropped significantly, suggesting a lack of follow-through selling. The divergence in volume and price during the decline could indicate a potential short-term reversal or consolidation.

Fibonacci Retracements

Fibonacci retracement levels from the 1.54 high to 1.33 low indicate potential support at 1.43 (38.2%) and 1.36 (61.8%). These levels appear to be important psychological and technical barriers in the near term.

Over the next 24 hours, LDOUSDT could test the 1.36–1.43 range for potential support, but bearish momentum remains strong. Investors should be cautious of further downside and watch for any volume confirmation at key Fibonacci levels.