Market Overview for Haedal Protocol

• Haedal Protocol (HAEDALUSDT) traded in a tight range before surging past key resistance near 0.1330 during late ET hours.
• A bullish engulfing pattern formed at 0.1325–0.1330, coinciding with a volume spike and strong momentum.
• RSI and MACD suggest overbought conditions, but price remains within Bollinger Bands, indicating controlled volatility.
• Turnover surged after 05:00 ET as the price broke above 0.1330, indicating growing conviction in the uptrend.
• Fibonacci levels suggest potential consolidation near 0.1325–0.1340 ahead of a possible breakout.

Market Overview

Haedal Protocol (HAEDALUSDT) opened at 0.1294 on 2025-08-22 12:00 ET, reached a high of 0.1349, a low of 0.1289, and closed at 0.1328 on 2025-08-23 12:00 ET. Total volume was 24,856,657.5 and total turnover was $3,295,725.93.

Structure & Formations

Price formed a key bullish engulfing pattern around 0.1325–0.1330, indicating a potential short-term reversal following a bearish consolidation phase. A key support level appears to have been established near 0.1313–0.1315, while resistance was tested and then breached at 0.1330–0.1340. A doji formed near 0.1318 around 02:45 ET, signaling indecision ahead of the upward breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into a bullish alignment after 05:45 ET, reinforcing the upward move. On the daily chart, the 50-period MA remains below the 200-period MA, suggesting a broader bearish bias, though this could be challenged if the current rally continues.

MACD & RSI

The MACD crossed above the zero line at 05:15 ET and maintained a strong positive momentum until 07:00 ET, aligning with the price breakout. RSI reached overbought territory (70+), peaking near 76, suggesting a possible near-term correction unless volume and buying pressure remain strong.

Bollinger Bands

Volatility increased after 05:00 ET as price broke out of the upper Bollinger Band, indicating a potential continuation of the upward trend. However, the bands have since expanded, suggesting a period of higher uncertainty and potential consolidation ahead.

Volume & Turnover

Volume spiked sharply after 05:00 ET, reaching a peak of 471,846.0 at 05:45 ET, coinciding with the price breakout. Turnover also increased significantly, with a 24-hour high of $65,429.93 at that time. The volume-to-price divergence appears to be in favor of the uptrend, with no major bearish divergences noted.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent swing from 0.1289 to 0.1349, key levels at 38.2% (0.1318) and 61.8% (0.1337) appear to be relevant. Price has held above 0.1325 and is currently consolidating near 0.1328–0.1331, suggesting that a move toward 0.1337 could be the next target.

Price may consolidate near the 0.1325–0.1330 range in the next 24 hours, with the potential to break out toward 0.1337–0.1340 if volume remains strong. A pullback to 0.1313–0.1318 could test the strength of the current uptrend. Investors should remain cautious of potential overbought conditions.