Market Overview for Haedal Protocol/BNB on 2025-11-09

• Price remained flat near 0.0000785 for most of the 24-hour period
• A sharp drop to 0.0000764 occurred in early hours of 2025-11-09
• Low volume persisted throughout, with a brief spike in early morning trade
• Bollinger Bands suggest minimal volatility, with price near the lower band
• RSI remains in oversold territory, indicating potential for a rebound

The 24-hour period for Haedal Protocol/BNB (HAEDALBNB) showed limited price movement, opening at 0.0000785 on 2025-11-08 at 12:00 ET and peaking at the same level. A decline to 0.0000764 occurred overnight, with the price closing at 0.0000764 at 12:00 ET. Volume remained near zero for most of the session, with a brief spike of 2949.0 in early morning trade. Total notional turnover was minimal due to the low volume. The price appears to be consolidating in a narrow range.

Structure and formations reveal no traditional candlestick patterns due to flat open, high, low, and close values for most of the 15-minute intervals. A single candle on 2025-11-09 at 00:30 ET saw a bearish reversal with an open above the close. This may indicate a short-term shift in sentiment. The price action could signal a potential support zone forming near 0.0000764, where the price has held for over 20 hours.

Moving averages on the 15-minute chart show little movement due to the flat price trend, while daily averages remain neutral. The 20-period and 50-period moving averages are nearly aligned, suggesting no strong directional bias. The 50-period MA appears to be a potential line of resistance for the price in the short term.

The MACD histogram remains flat, indicating no immediate momentum shift. The RSI has stayed in oversold territory for the majority of the period, which could signal a potential rebound, though confirmation is needed. Bollinger Bands are very narrow, showing minimal volatility, and the price is near the lower band. This could suggest a potential rebound toward the middle band in the near term.

Volume has remained near zero for the majority of the day, with the exception of the early morning spike. This low volume suggests minimal conviction in price movements. Notional turnover is similarly low, with no divergence between price and turnover observed. However, a modest increase in volume could confirm a breakout or breakdown attempt.

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.0000785 to 0.0000764, the price is currently near the 61.8% retracement level. A break below this level could target the 78.6% level at 0.0000758. On the daily chart, the recent move shows little change to apply meaningful Fibonacci levels at this time.

Backtest Hypothesis: To assess the performance of a potential trading strategy on HAEDALBNB, a back-test could be built using the 15-minute candlestick data. One viable approach is to use a MACD Golden Cross as the entry trigger, where the MACD line crosses back above the signal line to confirm bullish momentum. As a closing rule, the position could be exited when the RSI drops below 50, indicating a potential reversal in upward momentum. The rationale is that a bullish MACD crossover suggests increasing momentum, while a drop in RSI below 50 may signal weakening bullish momentum. This strategy could be tested from 2022-01-01 to 2025-11-09 to evaluate its effectiveness in capturing short-term bullish trends.

Looking ahead, the consolidation pattern and oversold RSI suggest a potential rebound could occur in the next 24 hours. However, low volume and lack of trend confirmations imply limited conviction in any directional move. Investors should remain cautious and monitor for any breakout attempts, particularly around the 0.0000764 level.