Market Overview for OpenEden/BNB (EDENBNB) - November 13, 2025

Summary
• Price action shows a strong upward move followed by consolidation and pullback.
• Momentum turned negative in the final hours, with bearish divergence in RSI.
• Low volume and turnover suggest limited conviction in both bullish and bearish moves.

OpenEden/BNB (EDENBNB) opened at 0.0001153 at 12:00 ET – 1 and closed at 0.0001191 at 12:00 ET on November 13, 2025. The pair reached an intraday high of 0.0001287 and a low of 0.0001153 during the 24-hour period. The total traded volume amounted to 26,422.60 and notional turnover reached ~$3.23.

Structure & Formations

Price initially trended upward from 0.0001153, forming a sharp bullish impulse reaching 0.0001287. A bearish exhaustion pattern emerged in the latter half of the 24-hour window, with a bearish divergence in the RSI and a rejection at the 0.000123 level. The formation of a bearish engulfing pattern at 0.0001287–0.0001199 signaled a potential reversal in momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed below key resistance levels, indicating bearish momentum. The 50-period SMA is now acting as a dynamic resistance at around 0.000123. On the daily timeframe, the 50-period SMA is above the 100-period SMA, but the 200-period SMA remains below, suggesting short-term bearish pressure.

MACD & RSI

The MACD turned negative in the last 4 hours, confirming the bearish reversal. RSI peaked at 78 before pulling back below 50, entering oversold territory temporarily but failing to form a bullish reversal pattern. The RSI divergence suggests caution for short-term bullish positioning, as momentum is fading on the downside.

Bollinger Bands

Volatility expanded significantly during the bullish phase, pushing price to the upper band at 0.0001287. The pullback saw price drop to the lower band at 0.0001191, where it stabilized. The narrowing of the bands in the final 6 hours indicates potential for a breakout or breakdown, though the lack of volume suggests limited conviction.

Volume & Turnover

Trading volume surged during the peak bullish move to 0.0001287 and again during the bearish pullback to 0.0001191. However, the final hour’s large volume at 0.0001191 occurred with no price movement, indicating a possible accumulation phase. Turnover was also highest at the top and bottom of the swing, but not aligned with volume in a convincing way.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement of the 0.0001153–0.0001287 move is at 0.0001228, which coincided with a rejection of the bullish trend and a bearish reversal. On the daily swing, the 38.2% and 61.8% retracement levels appear to be forming key support and resistance zones that traders are watching closely.

Backtest Hypothesis

Given the RSI divergence observed in the final hours, a backtest using RSI-based trading rules would be a natural extension of this analysis. For clarity, the standard RSI-based strategy involves entering a long position when the 14-period RSI first crosses above 70 (overbought zone), and exiting when it crosses back below 70 (leaving overbought territory). This logic aligns with the bearish divergence seen in the final 24 hours, where RSI peaked and then retraced, potentially triggering a short signal. To run the full backtest, I would generate RSI data for EDENBNB from 2022-01-01 through 2025-11-13, identify entry and exit signals based on the described logic, and calculate performance metrics. Please confirm if this is your intended strategy, or let me know if you prefer a different exit condition.