Market Overview for Haedal Protocol/BNB on 2025-10-07

• Price dropped sharply from 0.0001145 to 0.0001042 on heavy volume.
• Key support tested at 0.000108 and 0.0001, with bearish momentum intensifying after 15:30 ET.
• RSI indicates oversold conditions, but price-volume divergence raises bearish concerns.
• Volatility expanded during price declines, with Bollinger Bands widening after 00:00 ET.

The HAEDALBNB pair opened at 0.0001119 (12:00 ET − 1) and rose briefly to 0.0001145 before plunging to a 24-hour low of 0.0001042 at 15:30 ET. The price closed at 0.0001042 (12:00 ET) after a prolonged sell-off. Total volume was 16,844.8, and notional turnover reached $1.83 at peak. The session was marked by a sharp divergence between price and volume.

Structure & Formations

A bearish engulfing pattern formed at the top of the 0.0001126-0.0001145 range, confirming a shift in sentiment. A key support level at 0.000108 was tested multiple times but failed to hold, with the price falling further to 0.0001042. A long bearish candle formed at 15:30 ET, indicating exhaustion and potential for further downward pressure. A doji at 0.000108 signaled indecision, but subsequent volume failed to confirm a reversal.

Moving Averages

On the 15-minute chart, the price has broken below both the 20-period (0.0001122) and 50-period (0.0001126) moving averages, reinforcing bearish momentum. On a daily basis, the 50-period line at 0.0001126 and the 200-period line at 0.0001130 act as critical psychological barriers. The price now appears to be in a bearish bias, with further testing of the 0.0001 support likely.

MACD & RSI

The MACD line turned sharply negative after 00:00 ET, with the histogram displaying deep bearish divergence. The RSI dropped below 30, entering oversold territory, but failed to find a floor. This suggests a continuation of the bearish trend, as oversold readings are not reliable without confirmatory volume or reversal patterns. Divergence between price and RSI implies bearish momentum is still intact.

Bollinger Bands

Volatility expanded significantly after the 00:00 ET reversal, with the upper band reaching 0.0001145 and the lower band collapsing to 0.000108 by midday. The price closed near the lower band, indicating strong bearish pressure. A further contraction in band width could precede a sharp reversal, but current conditions favor continuation below 0.000108.

Volume & Turnover

Volume spiked at 00:30 ET and 15:30 ET, with the latter accompanied by a sharp drop to 0.0001042. The 15:30 ET bar had 800 units traded, confirming the move. Turnover diverged slightly from price during the afternoon, suggesting some buying interest but insufficient to reverse the trend. Volume appears to be confirming the bearish bias rather than signaling exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0001042–0.0001145 swing, 0.000108 and 0.000106 align with 61.8% and 78.6% retracement levels, respectively. These levels have been key in determining short-term pivots. The price is currently approaching the 0.0001 level, which may act as a psychological floor or trigger further selling pressure if it fails to hold.

Backtest Hypothesis

A backtest strategy using Fibonacci levels and RSI divergence could provide insights into potential reversal points. Entries could be triggered when the RSI enters oversold territory and the price forms a bullish pattern (e.g., hammer) near key Fibonacci levels such as 0.000108. Stop-loss placement below the next swing low (e.g., 0.000106) would manage downside risk, with profit-taking at 0.0001119. The recent bearish divergence at 0.000108 suggests such a strategy might have limited success without additional volume confirmation.