Market Overview: Haedal Protocol/USDC on 2026-01-10

Summary
• Price fell from 0.0472 to 0.0469, finding short-term support near 0.046.
• Volatility spiked with large-volume candle breaks below 0.0462 and 0.046.
• Momentum slowed in final hours, with RSI stabilizing in neutral territory.
• No strong overbought or oversold signals emerged despite intra-day swings.
• Bollinger Bands constricted before a sharp drop, hinting at potential reversal.

Market Overview

Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0472 on 2026-01-09 at 12:00 ET, rose to 0.0474, fell to 0.0457, and closed at 0.0469 on 2026-01-10 at 12:00 ET. Total volume was 178,903.2, with a notional turnover of 8,408.65.

Structure & Formations

Price formed a descending pattern from 0.0472, breaking below key support at 0.0462 and 0.046. A large-volume bearish candle on 03:1500 ET (0.0458) marked a turning point, with price rebounding near 0.046. A bullish engulfing pattern emerged around 04:1500 ET as price rose from 0.0459 to 0.0461, suggesting temporary recovery.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs were in bearish alignment, with price closing below both. On the daily chart, no full daily bar is available in this 24-hour window.

MACD & RSI

MACD lines showed bearish divergence during the early morning decline, while RSI dipped toward 30 before bouncing, indicating potential oversold conditions. Momentum weakened in the final 2–3 hours, with RSI stabilizing in neutral range (~45–50), suggesting exhaustion of short-term selling pressure.

Bollinger Bands

Bollinger Bands tightened between 05:0000–06:0000 ET before a sharp move up to 0.0472. Price then fell back toward the lower band, closing near the middle band at 0.0469. The contraction and expansion signaled a potential reversal but lacked strong follow-through.

Volume & Turnover

Volume spiked to 36,651 at 03:1500 ET and again to 39,385 at 06:1500 ET, confirming key price moves downward and then upward. The largest notional turnover occurred at 06:0000 ET ($1,836.77) during a bullish reversal from 0.0458 to 0.0467.

Fibonacci Retracements

Fibonacci levels drawn from the 0.0472–0.0457 swing showed price finding support at 0.046 (61.8% retracement level) and again near 0.0469 (38.2%). These levels appear to act as short-term floors.

In the next 24 hours, a break above 0.0473 could test 0.0474–0.0475 as resistance. However, with volume showing divergence and price closing near the middle Bollinger Band, a consolidation phase or further test of 0.046–0.0462 appears likely. Investors should watch for confirmation of a breakout or a retest of key support levels.