Haedal Protocol/BNB Market Overview for 2025-11-12

Summary
• Price opened at $0.0000775 and closed at $0.0000761, forming a bearish trend.
• Notable volatility spike at 17:45 ET-1 triggered a small pullback to $0.0000759.
• Volume surged at 03:00 ET, with HAEDALBNB testing a minor support level.

Structure & Formations

HAEDALBNB's 24-hour chart displayed a broadly bearish structure, with a consistent decline from the opening price of $0.0000775 to the low of $0.0000753. The price action formed a series of tight consolidation ranges, punctuated by a brief reversal candle at 03:00 ET, where buying interest briefly pushed the price to $0.0000760. This suggests that short-term sellers may be losing control, though buyers have not yet established dominance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MAs) crossed to the downside in the early morning hours, signaling bearish momentum. The 50-period MA remained above the 20-period MA, supporting a continuation of the downtrend. On the daily chart, the 200-day MA remains a critical level to watch, as HAEDALBNB may test this if the current bearish trend extends.

MACD & RSI

The MACD (12,26,9) showed bearish divergence with the price during the early morning session, particularly after the 03:00 ET candle. RSI (14) fell into oversold territory during the low-volume consolidation in the early hours, suggesting a potential short-term bounce could be in the cards if buyers step in. However, the bearish RSI slope remains a cautionary signal.

Bollinger Bands

Volatility appears compressed, with Bollinger Bands narrowing during the midday consolidation. Price remained within the lower band for most of the session, indicating a high degree of bearish control. A breakout above the upper band is unlikely unless there is a substantial increase in volume and buying pressure.

Volume & Turnover

Volume was sparse for most of the session, with the exception of the 17:45 ET-1 and 03:00 ET candles. The 03:00 ET candle had a volume of 3,586.9 and was associated with the most significant price movement of the session. This suggests that the buying activity at this time may be a sign of short-term accumulation, though turnover remains relatively low.

Fibonacci Retracements

Key Fibonacci levels derived from the recent 15-minute swing (from $0.0000775 to $0.0000753) include the 38.2% at $0.0000765 and the 61.8% at $0.0000760. The price closed near the 61.8% level at $0.0000761, suggesting a potential pivot point. A break below $0.0000753 could target the next Fibonacci level at $0.0000745 on the next leg down.

Backtest Hypothesis

The backtest aimed to identify trading signals using the Hammer candlestick pattern in conjunction with price proximity to the 50-day SMA. Unfortunately, no qualifying sessions were found in the given time range. This outcome highlights the rarity of such conditions and suggests that either the pattern or the support-level criteria may be too restrictive. To proceed, relaxing the support-level filter or broadening the candlestick criteria may improve the strategy’s viability.