Market Overview for Haedal Protocol/BNB (HAEDALBNB)

• Price action showed a bearish correction after an early rally, with HAEDALBNB closing near its 24-hour low.
• Momentum indicators suggest a potential consolidation phase, with RSI near oversold levels.
• Volume was sparse throughout the session, with a single spike near the close of the 24-hour period.
• Volatility remained compressed for most of the day, with prices clustering near a key support level.
• Fibonacci retracement levels indicate potential bounce support at 0.000152 and possible resistance near 0.0001549.

At 12:00 ET–1 on 2025-09-15, HAEDALBNB opened at 0.0001549 and reached a high of 0.0001549 before falling to a low of 0.0001512. The pair closed at 0.0001512 as of 12:00 ET. Total volume for the 24-hour period was 2,612.8 units, with a notional turnover of approximately $0.40 (assuming $300 BNB as a proxy for fiat value).

Structure & Formations

The 24-hour chart shows a distinct bearish trend, with HAEDALBNB forming a short-term base at 0.000152. A bearish engulfing pattern is visible at 0.0001549 to 0.0001532, followed by a cluster of doji near 0.000152, signaling indecision and potential support. A key resistance level forms at 0.0001549, which has repeatedly failed to hold price above.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA (a death cross), confirming the bearish bias. On the daily chart, the 50-period MA appears to be forming a minor support near 0.000152, while the 200-period MA remains above the current price, suggesting further downward potential.

MACD & RSI

The MACD histogram has been negative for most of the session, with a slight convergence near the close, hinting at a possible bottoming process. RSI reached 25 by 10:15 AM, signaling oversold conditions, but failed to trigger a meaningful rebound. The combination of low RSI and bearish momentum suggests caution for long positions.

Bollinger Bands

Volatility remained low throughout most of the day, with prices staying near the lower band of the Bollinger Bands, especially after 7 PM. A small expansion occurred near the close, but prices failed to break above the middle band. The compressed range may indicate a potential break or false break in the near term.

Volume & Turnover

Volume was minimal for most of the session, with the notable exception of a spike at 10:15 AM (41st candle), where 868.9 units were traded. This coincided with a sharp drop from 0.000152 to 0.0001512. Despite the size of the move, the low volume raises questions about the authenticity of the move, suggesting it could be a wash trade or short-term bear trap.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.0001549 to 0.0001512, key support levels include 0.000152 (38.2%) and 0.000152 (61.8%), which have shown resistance in the past. The price appears to be consolidating around these levels, suggesting a potential bounce or continuation of the bearish trend.

Backtest Hypothesis

The backtesting strategy in question focuses on short-term bearish momentum using a combination of RSI, MACD, and volume divergence. The hypothesis posits that when RSI drops below 30, MACD turns negative, and volume spikes on a bearish candle, the pair is likely to continue downward for the next 2–3 candles. Based on today’s data, the conditions were met at 10:15 AM, yet the move lacked confirmation in terms of sustained follow-through volume and price action. This may indicate that the strategy would have yielded a false signal in this instance.