Barclays (LON: BARC) share price started the week with a strong bounce after recently hitting new monthly lows. However, this rebound may be short-lived as the shares have formed a lower low on the daily chart, suggesting a potential continuation of the downtrend.

On Monday, British bank stocks saw positive movement, with the FTSE 100 index rising by 91 points. Barclays shares climbed 3.37% during the early hours of trading, along with gains in HSBC, NatWest Group, and Lloyds.

Recent news reveals that Barclays has partnered with global payments provider TransferMate. This collaboration will allow Barclays clients to receive payments in over 60 currencies directly into their GBP accounts, which could be particularly useful for small and medium-sized businesses.

The ongoing banking crisis in the US has also impacted Barclays’ share price. In just two months, three major US banks have collapsed due to declining deposits, sparking concern among British bank depositors. However, no UK banks have faced a similar fate so far.

The Barclays chart shows that the stock has made a lower low on the daily timeframe, signaling a breakdown of the previous bullish market structure. In the coming days, the stock may retest the key support level at 142p.

For Barclays’ share price outlook to turn bullish again, it would need to break above the 161p level, where the 200-day moving average and the middle of the trading range converge. Until this happens, it may be wise to hold off on taking any long-term positions.