Market Overview for Lombard/Tether (BARDUSDT) — 24-Hour Analysis

Summary

• Price opened at $0.775 and fluctuated to a high of $0.7986 before settling near $0.7415.
• Volume spiked during the early hours, particularly around 23:15 ET, with a total volume of ~1,112,989.
• Momentum shifted multiple times, with RSI briefly hinting at overbought and oversold conditions.

Market Overview

The Lombard/Tether pair (BARDUSDT) opened at $0.775 on 2025-11-08 12:00 ET and reached a 24-hour high of $0.7986. Price closed the period at $0.7415 with a low of $0.7401. Total volume traded over the 24 hours was approximately 1,112,989, with notional turnover estimated at ~$830,000. The asset experienced a volatile session, with several key price swings and a volume surge in the late evening and overnight.

Structure & Formations

Price action over the last 24 hours showed several key levels of support and resistance. The $0.776–0.779 range acted as a strong resistance cluster early in the session, while $0.764–0.766 appeared to function as a support zone. A notable bearish engulfing pattern occurred at 00:15 ET as the pair opened at $0.7798 and closed at $0.7659 — a 1.7% drop. Later in the session, a bullish harami pattern emerged at 06:45 ET, suggesting potential short-term consolidation.

Moving Averages

On the 15-minute chart, the 20-EMA crossed above the 50-EMA early in the session, signaling a short-term bullish bias that reversed by mid-evening. On the daily chart, the 50-EMA is currently above the 200-EMA, indicating a longer-term bullish trend, though the 100-EMA has been acting as a short-term resistance around the $0.77–0.78 zone.

MACD & RSI

MACD showed a bullish crossover in the early hours, which coincided with a breakout above $0.78. However, the line crossed below the signal line by 02:00 ET, signaling a shift in momentum. The RSI reached overbought levels at 77 near $0.7986 and oversold levels at 34 near $0.7401, indicating a volatile session with strong but short-lived bullish and bearish momentum.

Bollinger Bands

Price spent most of the session within the Bollinger Bands, with a brief breakout to the upper band at $0.7986. The bands expanded in the late evening as volatility increased, and the closing price of $0.7415 sat near the lower band, suggesting a potential bounce toward the midline in the near term.

Volume & Turnover

Volume spiked sharply around 23:15 ET when the pair surged to $0.7986, with 101,853.5 volume traded. The following 15-minute interval saw a sharp drop in volume despite continued price decline, suggesting a lack of follow-through in bearish momentum. Turnover matched the volume pattern, with the highest turnover occurring in the first half of the session.

Fibonacci Retracements

Fibonacci levels drawn from the $0.7401 low to $0.7986 high show the 61.8% retracement at approximately $0.7763 and the 38.2% at $0.7675. The recent bounce off $0.7401 aligns closely with the 23.6% retracement level at $0.7543, suggesting a potential continuation lower if that level fails to hold.

Backtest Hypothesis

The proposed backtest strategy relies on detecting bearish MACD divergences — where price makes a higher high while the MACD makes a lower high — as sell signals. Given the volatility observed in BARDUSDT, this strategy could be relevant in identifying short-term reversals. The data retrieved, however, did not include MACD readings, and the provided symbol (HOLD.P) could not be verified by the data source. To proceed, the symbol must be confirmed or data provided in a compatible format (e.g., CSV). Once validated, a backtest can be run to evaluate the performance of the strategy on Lombard/Tether or a similar pair.