Market Overview for Haedal Protocol/BNB (HAEDALBNB) – 2025-09-13

• Price rose from 0.0001578 to 0.0001668 before consolidating near 0.0001634.
• Volatility expanded in the morning, with a sharp rally and a retracement in the afternoon.
• RSI remained in overbought territory for over 6 hours, signaling potential short-term reversal.
• Volume spiked during the 14:15–14:30 ET correction, suggesting increased selling pressure.

The 24-hour trading session for Haedal Protocol/BNB (HAEDALBNB) opened at 0.0001578 (12:00 ET − 1), reached a high of 0.0001668, and closed at 0.0001634 at 12:00 ET today. The low was 0.0001566, with a total volume of 6,178.8 units and notional turnover of 0.000996 BNB over the period. Price action shows a consolidation phase following a morning bullish breakout.

Structure & Formations

Price rallied from a key support at 0.0001566 early in the session, forming a bullish engulfing pattern at 16:45–17:00 ET. A strong upward move continued with a 15-minute high at 0.0001668 around 13:00 ET, forming a tall white candle. However, a sharp correction followed at 14:15–14:30 ET, forming a bearish engulfing pattern at that level. The price has since consolidated near 0.0001634, which appears to be a new short-term resistance.

Moving Averages

On the 15-minute chart, the 20SMA has crossed above the 50SMA, signaling a bullish bias. The 50SMA is currently at 0.0001606, while the 200-period daily SMA is at 0.0001592, suggesting a potential support area for the next 24 hours. Price remains above both the 50 and 200SMA on the daily timeframe, indicating a higher probability of continuation in the bullish trend if it holds above 0.0001600.

MACD & RSI

The MACD crossed into positive territory early in the session and remains bullish. The RSI peaked above 70 around 09:00–12:00 ET and has since fallen into a more neutral range (~60). While the overbought reading did not trigger a reversal, the RSI divergence with the price during the 14:15–14:30 ET correction may suggest an increased probability of a near-term pullback.

Bollinger Bands

Volatility expanded during the morning rally, with the Bollinger Bands widening as price moved into the upper band. A strong move above the upper band at 13:00 ET confirmed a breakout, though price failed to maintain that high and retraced back into the middle band. Current price sits just below the middle band, suggesting a period of consolidation following the high volatility.

Volume & Turnover

Volume was relatively low early in the session but surged during the 14:15–14:30 ET correction, with 2814.7 units traded during that period. Notional turnover spiked during this time as well, aligning with the price drop. The increase in volume and turnover suggests confirmed selling pressure, increasing the likelihood of a near-term correction before further bullish momentum can resume.

Fibonacci Retracements

Applying Fibonacci retracements to the 16:45–13:00 ET swing, the current price of 0.0001634 aligns with the 50% retracement level, suggesting a potential area for consolidation. A break below this would target the 38.2% level at 0.0001614, while a break above could test the 61.8% level at 0.0001654.

Backtest Hypothesis

Given the technical setup observed—particularly the bullish engulfing pattern at 16:45–17:00 ET and the subsequent consolidation near the 50% Fibonacci level—a short-term breakout strategy might be tested. A hypothetical long entry at 0.0001607 (immediately after the bullish engulfing) with a stop loss below 0.0001592 (near the 200 SMA) and a take profit at 0.0001654 (61.8% retracement level) could be backtested for performance during high-volume periods. This aligns with the observed momentum and volume confirmation during the morning rally.