Market Overview for Haedal Protocol/BNB (HAEDALBNB) – 2025-10-06

• Price declined from 0.0001162 to 0.0001109 amid minimal volume.
• RSI indicates oversold territory with low momentum.
• Bollinger Band contraction suggests potential volatility breakout.
• Key support now at 0.0001109; resistance retested at 0.0001119.
• Turnover remains low despite price movement, signaling weak conviction.

Haedal Protocol/BNB (HAEDALBNB) opened at 0.0001162 on 2025-10-05 at 12:00 ET and closed at 0.0001119 on 2025-10-06 at 12:00 ET. The 24-hour high was 0.0001162 and low was 0.0001109. Total volume traded was 11,929.9 and turnover (notional value) was minimal due to low trade activity, consistent with the limited volume.

Over the past 24 hours, HAEDALBNB has shown a bearish bias with a steady decline from the initial 0.0001162 level. The price has moved into oversold territory as indicated by the RSI, currently below 30, which could suggest a potential reversal. However, no strong bullish confirmation has emerged, and the price remains below the 20-period moving average on the 15-minute chart. On the daily chart, the price appears to be consolidating around the 50-period moving average, suggesting a possible continuation of the bearish trend if support levels are not held.

Bollinger Bands have contracted tightly around the price, signaling a period of low volatility. If this pattern breaks, a sudden price expansion could be expected. The price closed near the lower band in the final candle, suggesting weak conviction from sellers. The 15-minute chart shows a series of bearish small bodies and long lower shadows, indicative of a possible continuation of the downward trend in the near term.

Fibonacci retracements from the recent 15-minute swing high at 0.0001162 show that the current price is near the 61.8% level at 0.0001116, which could act as a critical support. A break below this level may trigger a deeper correction toward the 78.6% level at 0.0001093. On the daily chart, the same level aligns with the 50-period MA, reinforcing its significance.

Looking ahead, investors should monitor for a potential breakout from the consolidation pattern or a rejection from the 0.0001109 level. The coming 24 hours may bring decisive movement, but given the low volume and turnover, it remains a low-conviction trade. A break above 0.0001119 could signal a short-term reversal, but bearish momentum is still dominant.

The backtest hypothesis involves using the RSI in conjunction with the 20-period moving average on the 15-minute chart. A buy signal is generated when RSI crosses above 30 and the close moves above the 20-period MA, suggesting a potential reversal from oversold levels. A sell signal is generated when RSI crosses below 70 and the close falls below the 20-period MA, indicating overbought conditions and a possible bearish shift. This strategy could be tested over the past 24-hour period to evaluate its effectiveness in capturing HAEDALBNB’s price action.