Bullish Hарамi at 0.7620 Challenges Bearish Breakdown in BARDUSDT

Summary
• Price consolidated in a descending channel after a sharp 12-hour breakdown below 0.7900.
• RSI entered oversold territory near 0.7680, hinting at potential near-term support.
• Volatility surged during the early session, with a high-volume selloff to 0.7598.
• A bullish harami at 0.7620 suggests short-term indecision ahead of the 0.7650 pivot.
• Bollinger Bands widened significantly during the drop, signaling increased uncertainty.

The Lombard/Tether pair (BARDUSDT) opened at 0.7999 on 2026-02-06 at 12:00 ET, reached a high of 0.8025, fell to a low of 0.7579, and closed at 0.7624 by 12:00 ET on 2026-02-07. Total volume amounted to 1,731,296.9 units, with notional turnover at 1,329,129.05 USD.

Structure & Formations

Price action formed a bearish descending triangle pattern during the first half of the session, with key resistance at 0.7900 and support at 0.7650. A bearish engulfing pattern emerged at 0.7680–0.7662, reinforcing the short-term downtrend. A potential bullish harami appeared at 0.7620–0.7624, suggesting buyers may attempt a countermove near the 0.7650 level.

Moving Averages

The 50-period moving average on the 5-minute chart acted as dynamic resistance, while the 200-period daily moving average remains above the current price, confirming a bearish bias. Price remains below all key moving averages, reinforcing the downtrend.

Momentum and Volatility

The RSI dipped into oversold territory (near 30) at 0.7680–0.7662, suggesting the selloff may pause or consolidate. Bollinger Bands widened significantly during the sharp sell-off to 0.7598, indicating heightened volatility. MACD remained negative but showed a narrowing bearish divergence, hinting at a possible pullback.

Volume and Turnover

Volume surged during the early sell-off to 0.7598, with a 5-minute candle showing 55,965.3 volume and 42,670.47 USD turnover. Price and turnover aligned during the breakdown, confirming bearish momentum. However, recent candles show declining volume, suggesting short-term exhaustion.

Fibonacci Retracements

Fib levels from the 0.7935–0.7618 swing show 0.7650 as the 38.2% retracement level and 0.7715 as the 61.8% level. Price has stalled near 0.7650, with a possible bounce or continuation expected depending on volume and order flow.

The market may test the 0.7618–0.7607 level over the next 24 hours, with a potential for a bounce if 0.7650 holds. Traders should remain cautious of a continuation break below 0.7600, as that could trigger further short-term bearish momentum.