Market Overview for Haedal Protocol/BNB (HAEDALBNB) - 2025-11-01

• Price consolidated between 7.51e-05 and 7.8e-05 for most of the day before rising to 7.75e-05.
• A sharp bearish move was observed midday due to a high-volume candle.
• Momentum indicators remained neutral, with no clear overbought or oversold signals.
• Volatility appears subdued, with price staying within Bollinger Band midlines for most of the session.
• No significant divergences between volume and price were observed, indicating limited institutional activity.

The 24-hour chart for Haedal Protocol/BNB (HAEDALBNB) saw little movement, with the price opening at 7.8e-05 (12:00 ET − 1), peaking at 7.8e-05, and closing at 7.75e-05 at 12:00 ET. The total 24-hour volume was approximately 4,560.3, and the notional turnover was relatively low. The price remained in a tight range for most of the day, with minor fluctuations driven by low-volume trading.

Intraday price behavior showed consolidation between key levels of 7.51e-05 and 7.8e-05 until a midday candle at 17:30 ET triggered a brief bearish move. The price then found support at 7.51e-05 and slowly built back toward 7.75e-05 in the latter half of the day. No strong candlestick patterns emerged, and the formation of a long-bodied bearish candle at 17:30 ET was the only notable move of the session.

Structure & Formations

The price remained bound by a narrow range throughout the day, with a strong support level forming at 7.51e-05 and resistance at 7.8e-05. A few candlesticks formed at the lower end of the range, including a long-bodied bearish candle at 17:30 ET, which may signal short-term bearish pressure. However, the price quickly recovered, indicating limited bearish conviction. A doji at 01:30 ET suggested indecision among traders. No clear bullish or bearish engulfing patterns emerged, and the overall formation appeared range-bound.

Moving Averages

The 15-minute chart showed the 20- and 50-period moving averages converging near the mid-range of the day, at around 7.65e-05 to 7.68e-05. The 20-period MA slightly outpaced the 50-period MA in the latter half of the session, suggesting potential upward bias. However, the short-term momentum remained neutral, and the price lacked a clear directional bias. The daily chart showed the 50-, 100-, and 200-period MAs overlapping near 7.7e-05, indicating a consolidation phase. The price remained slightly above these averages but did not break out decisively.

MACD & RSI

The MACD line remained flat and close to zero for most of the session, with occasional positive and negative divergences. This suggests that momentum remained neutral, with no strong directional bias. The histogram showed minimal contraction and expansion, reinforcing the idea of a range-bound market. The RSI oscillated between 50 and 55 for most of the day, indicating a neutral to slightly bullish sentiment. There were no clear overbought or oversold signals, and the RSI did not diverge from the price, suggesting that momentum remained aligned with the range.

Bollinger Bands

The price stayed within the midlines of the Bollinger Bands for most of the day, indicating low volatility. The upper band remained near 7.8e-05, and the lower band hovered around 7.51e-05. At 17:30 ET, the price briefly touched the lower band, but did not close below it, suggesting that the range held firm. In the latter half of the day, the price moved closer to the upper band again, but without breaking out. The narrow band width suggests that a breakout may be imminent, but until then, the market remains in a consolidation phase.

Volume & Turnover

Volume was generally low throughout the session, with most 15-minute intervals showing zero or minimal trading activity. The only exception was the candle at 17:30 ET, which had a volume of 1,247.6 and triggered a bearish move. This candle was followed by several low-volume sessions, indicating that the bearish move lacked follow-through. In the latter half of the day, volume picked up slightly, with a candle at 07:45 ET showing a volume of 292.7. However, the price did not break out of the range, suggesting limited conviction behind these trades.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing high at 7.8e-05 and the low at 7.51e-05, the 38.2% level is at 7.66e-05, and the 61.8% level is at 7.61e-05. The price spent much of the session near the 38.2% retracement level and showed limited rejection at this level. A break above 7.66e-05 could signal a potential continuation of the upward trend, while a move below 7.61e-05 could indicate further consolidation or a bearish correction.

Backtest Hypothesis

The data vendor was unable to resolve the HAEDALBNB ticker, which is necessary for retrieving historical candlestick patterns such as the Bullish Engulfing signal. To proceed with the backtesting strategy—namely, identifying and evaluating Bullish Engulfing patterns since 2022—it is crucial to verify the correct ticker or trading pair. For instance, many tokens on Binance are listed with a “USDT” suffix (e.g., BNBUSDT). Once a valid ticker is confirmed, the strategy can be applied to identify potential high-probability entry signals, and a 24-hour holding-period backtest can be executed to assess performance metrics such as win rate, average gain, and maximum drawdown.