LINEATRY Breaks Key Support Amid Fading Rally Buy Volume

Summary
• Price action showed a bearish reversal pattern after reaching 0.1488, followed by a sustained decline.
• Volatility expanded in the first half of the session, with price dropping below 0.146 and then consolidating.
• Turnover increased notably during the upward attempt, suggesting resistance at 0.148.
• RSI suggests mild oversold conditions, but momentum remains weak with no clear bullish confirmation.
• Volume spiked during the failed rally and then declined, indicating waning buying interest.

At 12:00 ET-1 on February 7, 2026, LINEATRY opened at 0.1475, reaching a high of 0.1488 before closing at 0.1439 at 12:00 ET on February 8. The pair traded between 0.1443 and 0.1488 over the past 24 hours, with a total volume of 30,069,266 and notional turnover of 4,339,538.05 TRY.

Structure & Formations

The price formed a bearish reversal pattern following a rally to 0.1488. A series of bearish engulfing patterns confirmed the breakdown below key psychological support at 0.146. A notable 5-minute doji formed near 0.1463, indicating indecision. Key support appears to have emerged near 0.1443 and 0.1435, with 0.142 marking a new potential support. Resistance levels at 0.1458–0.1461 and 0.1466–0.1468 appear relevant for near-term price action.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages are in a steep bearish alignment, reinforcing the recent downward bias. The 50-period line is just above 0.1450, while the 20-period line has dipped closer to 0.1445. On the daily chart, the 50- and 100-period moving averages are converging from above, with the 200-period MA acting as a strong bearish reference. Price remains well below all major MAs, suggesting a continuation of the downtrend could be likely in the absence of a strong reversal.

MACD & RSI

The 5-minute MACD is in negative territory with bearish momentum, having crossed below the signal line earlier in the session. RSI has dipped below 30, indicating potential oversold conditions; however, it has not yet generated a strong reversal signal. The MACD histogram shows fading bearish momentum in the final hours, which could hint at a possible pause or short-covering activity.

Bollinger Bands

Volatility remained elevated during the initial bearish breakdown, with price swinging near the upper band during the failed rally to 0.1488. Since then, price has consolidated closer to the lower band, suggesting reduced volatility and a continuation of bearish pressure. The narrowing of the bands overnight may indicate a potential for a breakout or reversal in the next 24 hours.

Volume & Turnover

Volume spiked during the failed rally toward 0.1488, confirming the resistance at that level. The subsequent breakdown was accompanied by a sharp drop in volume, signaling waning bearish conviction. However, notional turnover increased during the breakdown phase, suggesting that the move below key support was backed by capital. Divergence between price and volume is not evident at this time, but continued volume compression could signal a possible reversal.

Fibonacci Retracements

On the 5-minute chart, the breakdown from 0.1488 to 0.1443 aligns with a 61.8% Fibonacci retracement level near 0.1453, which was briefly tested and rejected. On the daily chart, a retracement from the recent high to the low shows 38.2% and 50% levels at 0.1455 and 0.1448, respectively. A break below 0.1435 may open the door to a 61.8% retracement level near 0.1423.

Forward-Looking Observation

Price appears to be consolidating near 0.1439 with RSI suggesting potential oversold conditions. A test of 0.1443 may occur, but buyers could face challenges at this level. A break below 0.1435 may indicate further bearish momentum, while a recovery above 0.1458 could signal a short-term rebound. Investors should remain cautious as volatility could increase if the price tests key levels.