Market Overview for Haedal Protocol/BNB (HAEDALBNB): 2025-10-09 12:00 ET

• Price declined sharply from 0.0001041 to 0.0001001, ending near 0.0001024
• Low volume amid consolidation, with key support seen near 0.0001001
• RSI and MACD suggest oversold conditions, hinting at potential bounce
• Bollinger Bands show narrowing volatility, possibly leading to a breakout
• Recent candlestick patterns show weak bearish momentum and tight range

Haedal Protocol/BNB (HAEDALBNB) opened at 0.0001029 on 2025-10-08 at 12:00 ET and closed at 0.0001024 on 2025-10-09 at 12:00 ET. The 24-hour period saw a high of 0.0001041 and a low of 0.0001. Total volume was 27,191.1, while total turnover was $2.79 (based on BNB price of $240 as of 2025-10-08).

The price action displayed a prolonged bearish consolidation phase from 16:45 ET to 07:45 ET, punctuated by sharp selloffs in the early hours of October 9. A notable bearish reversal occurred at 02:30 ET with a candle closing at 0.0001036 after a prior high of 0.0001038, signaling possible exhaustion of bullish momentum. Subsequent bearish continuation was confirmed by a large-volume candle dropping price from 0.0001038 to 0.0001005 at 08:30 ET, followed by a consolidation phase near 0.0001001. The price closed near 0.0001024, showing a small bounce before the close of the 24-hour window.

Structure & Formations

The 24-hour OHLCV data showed a bearish trend with multiple consolidation periods. Key support levels emerged around 0.0001001 and 0.0001024, with the former showing strong bearish rejection. Resistance is forming at 0.0001025 and 0.0001038, with the latter acting as a psychological barrier. A bearish engulfing pattern was visible at 08:30 ET, confirming downward momentum. A small bullish reversal may have formed near the close, but it lacks volume confirmation.

Moving Averages

Short-term moving averages (20 and 50-period) on the 15-minute chart show a bearish crossover, indicating continued downward pressure. Daily moving averages (50/100/200) remain neutral to slightly bearish, with the 50-period line currently hovering near 0.0001035. This suggests a possible bearish bias for the next 24 hours unless there’s a strong reversal above 0.0001038.

MACD & RSI

MACD turned bearish at 08:30 ET, with the histogram dipping into negative territory. RSI dropped to a bearish range (below 30) in the early hours of October 9, suggesting oversold conditions. A potential bounce is possible, but a sustained reversal will require a strong RSI rebound above 50 and a positive MACD crossover.

Bollinger Bands

Volatility was relatively narrow for most of the day, with the price hovering near the lower band after 07:45 ET. A contraction in the band width was seen around 04:00 ET, suggesting a potential breakout. The price closed near the mid-band, which may indicate a neutral or slightly bullish setup in the short term.

Volume & Turnover

Volume remained relatively low throughout the 24-hour period, with a sharp spike during the 08:30 ET candle that pushed price down to 0.0001005. Turnover increased during this period due to larger BNB-sized trades. There was no clear divergence between price and volume in the final 4 hours, suggesting the bearish trend may persist.

Fibonacci Retracements

Fibonacci retracements from the high of 0.0001041 to the low of 0.0001001 show a 38.2% retracement level at 0.0001027 and a 61.8% level at 0.0001019. The current price near 0.0001024 aligns closely with the 38.2% level, which could serve as a minor support/resistance. A break below 0.0001019 may trigger further bearish movement.

Backtest Hypothesis

A potential backtest strategy could focus on identifying bearish engulfing patterns near key Fibonacci levels, particularly 0.0001027, and entering short positions with tight stop-loss levels just above the 0.0001038 resistance. This strategy would also consider the RSI crossing below 30 as a confirmation signal for oversold conditions. Exit triggers could be set at 0.0001019 (61.8% retracement) and at RSI above 40 to limit potential drawdowns.