BABYUSDC Rejected at 0.01436 as Bearish Engulfing Signals Shift

Summary
• Price tested resistance at 0.01436 twice, with rejection observed in the final 5-minute candles.
• Volume spiked above 400k near the daily peak, confirming bullish momentum before a pullback.
• RSI entered overbought territory (75) and pulled back, signaling potential consolidation.
• Bollinger Bands widened in the late-night session, reflecting increased volatility.
• A bearish engulfing pattern formed near 0.01432 at 01:15 ET, hinting at short-term bearish bias.

Babylon/USDC (BABYUSDC) opened at 0.01361 on 2026-02-06 at 12:00 ET, reaching a 24-hour high of 0.01454 and a low of 0.01365, closing at 0.01411 at 12:00 ET. Total volume was 3.27 million, with a notional turnover of $46,115.

Structure and Key Levels

Price action showed multiple attempts to break above 0.01436, a former high-turned-resistance. A bearish engulfing candle at 01:15 ET suggests short-term bearish pressure. A 50-period moving average at 0.0141 appears to offer moderate support, while the 200-period daily MA likely remains neutral.

Momentum and Volatility

MACD turned positive in the late-night session, supporting the bullish break above 0.01436, but divergence between price and RSI suggests caution. Bollinger Bands expanded during the 02:30–04:30 ET window, signaling heightened volatility. A 61.8% Fibonacci retracement of the 0.01365–0.01454 swing sits at 0.01415, acting as a potential near-term target for a bearish move.

Volume and Turnover

Turnover surged to $6,286.57 at 23:30 ET on high volume (434,625), supporting the rally to 0.01454. However, a bearish divergence in volume occurred at 01:15 ET, with a large volume bar and a bearish engulfing pattern forming. This signals a potential shift in momentum and raises the risk of a pullback.

The price appears poised to consolidate near 0.01415–0.01436 in the next 24 hours, with potential for a test of the 0.01398 level if bearish pressure persists. Investors should monitor key levels and volume patterns for further confirmation of trend direction.