Market Overview for Lista DAO/Tether (LISTAUSDT)

• Price declined from 0.3383 to 0.3124, signaling bearish momentum and weak bulls.
• RSI dipped below 30, suggesting oversold conditions and potential short-term bounce.
• High volume during the sharp selloff confirmed bearish conviction in the last 6–8 hours.
• Bollinger Bands showed a recent expansion, indicating increased volatility and trend acceleration.
• Fibonacci retracement at 0.3110 (61.8% level) may act as a near-term support.

The Lista DAO/Tether (LISTAUSDT) pair opened at 0.3383 on 2025-10-16 at 12:00 ET and closed at 0.3124 on 2025-10-17 at 12:00 ET, with a 24-hour high of 0.3413 and a low of 0.3109. Total trading volume reached 5,020,107.9, and notional turnover amounted to $1,567,489. The pair experienced a clear bearish bias, with a sharp correction after a brief rally.

The 15-minute OHLCV data shows a bearish engulfing pattern emerging around 19:30–20:00 ET on the 16th, as prices broke down from 0.3311 to 0.3262. This was followed by a continuation of bearish momentum through the early hours of the 17th, where the price continued to fall to 0.3109. A key support appears forming around 0.3109–0.3115, coinciding with a 61.8% Fibonacci retracement level from the 0.3413 high to 0.3109 low. A bounce from this level could test the 0.3129–0.3136 area, which contains a recent consolidation zone and may serve as a short-term resistance.

Moving averages on the 15-minute chart show the 20-period line pulling below the 50-period line, indicating short-term bearish sentiment. The daily chart shows the price below both the 50 and 200-period moving averages, reinforcing a downtrend. The MACD line crossed below the signal line during the early selloff, confirming bearish momentum, while the RSI dipped below 30, signaling potential oversold conditions. Volatility, as measured by Bollinger Bands, showed a recent expansion, indicating an active trend and potential for further movement.

Bollinger Bands also show the price is currently near the lower band, a sign of overextension in the bearish direction. This may trigger a corrective bounce in the short term, especially if volume supports the move. However, without a clear bullish reversal pattern or strong rejection at key support levels, the downtrend may persist. The 15-minute chart shows bearish volume confirmation during the selloff, with higher volume on down-candles, supporting the bearish case. Notional turnover also spiked during the selloff, suggesting increased participation and conviction.

The Fibonacci retracement levels highlight key potential turning points for the pair. The 0.3109–0.3110 level marks the 61.8% retracement and could offer a short-term floor. A break below this level would target the 0.3052–0.3061 support area. Conversely, a bounce from this level could bring the 0.3129–0.3136 range into focus as a consolidation zone.

Backtest Hypothesis
To test a potential short-term strategy based on the bearish engulfing pattern identified during the 19:30–20:00 ET selloff, a backtest could be structured as follows: short the pair at the close of the engulfing pattern candle and exit at the next close, with a stop-loss at the high of the engulfing candle. The target exit would be based on a fixed 5% take-profit level from the entry or the first Fibonacci retracement level at 0.3110. This approach would test the efficacy of short-term bearish signals in the LISTAUSDT pair and could be expanded to include multiple similar patterns across a broader ticker universe for a more comprehensive assessment.