Market Overview for Haedal Protocol/BNB (HAEDALBNB) as of 2025-10-28 12:00 ET

• HAEDALBNB remains range-bound near 8.03e-05, with no significant price breaks observed.
• A single moderate bearish move to 7.97e-05 in overnight trading was quickly reversed.
• Sudden large-volume spike at 08:15 ET lifted price to 8.23e-05, followed by consolidation.
• Final 15-minute candle shows a modest bullish reversal, closing above 8.36e-05.
• Volume remains subdued with limited participation, suggesting a low-conviction market.

The 24-hour session for Haedal Protocol/BNB (HAEDALBNB) saw a relatively flat price profile, with a high of 8.36e-05 and a low of 2.58e-05. The pair opened at 8.03e-05 and closed at 8.36e-05, with a total trading volume of 14,508.7 and a notional turnover of 1.193. Price consolidation was the dominant feature, with most candles forming dojis or thin bodies, signaling indecision among market participants.

Price behavior appears to be oscillating within a tight range, centered around 8.03e-05, with limited directional bias. A key bearish attempt occurred during the overnight hours, where a dip to 7.97e-05 was observed but lacked follow-through. Conversely, a sharp intraday move at 08:15 ET pushed HAEDALBNB to 8.23e-05, which was met with immediate consolidation and no further upward momentum. This suggests a lack of strong conviction on either side of the market.

Volatility appears to be in a contraction phase, with Bollinger Bands compressing and price frequently touching the midline. The RSI indicates moderate momentum but has yet to enter overbought or oversold territory. While this suggests a continuation of the current range-bound dynamics, a breakout could be in the making if volume and price action align more decisively in either direction.

A notable volume spike occurred at 08:15 ET, lifting price to 8.23e-05, followed by another at 12:15 ET, where HAEDALBNB briefly tested a high of 0.000242 before retreating to 8.16e-05. This indicates some strategic liquidity or order flow pushing price higher during the morning hours. However, the subsequent consolidation suggests that the upside may be encountering resistance. A Fibonacci retracement from the recent 12:15 ET high to the 2:00 AM low places key support at 61.8% around 7.89e-05 and resistance at 38.2% near 8.14e-05. These levels may be important to watch in the near term.

Backtest Hypothesis

The backtest strategy in question hinges on the detection of Doji-Star patterns as a signal for potential trend pauses or reversals. In the case of HAEDALBNB, the recent 15-minute candle at 16:00 ET shows a bullish reversal, which could qualify as such a pattern. If a long position were triggered on this candle and held for one full trading day, the exit would occur at the close of the following session. Given the current range-bound behavior and lack of strong momentum, the success of this strategy would depend on the ability to capture a breakout or continuation following the reversal.

However, the low volume environment may limit the effectiveness of this strategy, as Doji-Star signals often rely on subsequent price action for confirmation. Given the absence of stop-loss or take-profit parameters, the strategy may expose the investor to extended drawdowns if the reversal fails to materialize into a meaningful trend. Therefore, incorporating such risk controls would be advisable before applying the strategy to live trading. For a full backtest from 2022-01-01 to 2025-10-28, we will use the HAEDALBNB ticker and execute trades as described above.