Market Overview for Haedal Protocol/BNB (HAEDALBNB) – 2025-11-08

Summary
• Price declined to a 24-hour low of $0.000076 amid a sharp bearish reversal from $0.000080.
• Volume spiked at key reversal points, but notional turnover failed to confirm trend strength.
• RSI and MACD suggest oversold conditions, hinting at potential short-term consolidation or bounce.

The 24-hour period for Haedal Protocol/BNB (HAEDALBNB), ending at 12:00 ET on 2025-11-08, opened at $0.000079 and closed at $0.000076. The pair reached a high of $0.000080 and a low of $0.000076. Total volume for the period was 108,299.1, with a notional turnover of $8.19. Price action shows a bearish breakdown from a consolidation range after a moderate bullish spike.

Structure & Formations

A distinct bearish reversal formed around 19:30–20:30 ET as the price dropped from $0.000080 to $0.0000785, marked by a long lower wick and a closing below mid-range. This is followed by a continuation of selling pressure into the early hours of 2025-11-08, with a sharp decline to $0.000076. Key support appears at $0.000076, where price has consolidated for several hours. No significant bullish patterns have emerged, but a potential bullish engulfing formation may form if price breaks above $0.000078 with confirmation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs both trend lower, with price currently trading below both. The 20SMA sits at $0.0000775 and the 50SMA at $0.0000778, indicating a bearish bias. Daily moving averages (50, 100, 200) remain bearish, with no reversal in the short-to-medium term unless a breakout above the 20SMA occurs with volume confirmation.

MACD & RSI

The MACD has turned negative and continues to diverge below the signal line, reinforcing bearish momentum. The RSI is currently at 28, entering oversold territory, suggesting potential for a near-term bounce. However, RSI divergence has been weak, with price declining further despite RSI bottoming at 26 earlier in the session. A strong close above $0.000078 may trigger a temporary overbought rebound.

Bollinger Bands

Price is trading near the lower band of the Bollinger Bands, which is consistent with the current oversold reading. Volatility has increased following the sharp drop from $0.000080 to $0.000076, indicating a potential for consolidation or a reversal. A move above the middle band may signal a short-term bounce, though confirmation is needed to suggest a trend reversal.

Volume & Turnover

Volume spiked at 19:30–20:30 ET, coinciding with the bearish breakdown to $0.0000785, and again at 06:00–07:15 ET, when price dropped to $0.000075. Turnover, however, did not spike as strongly during these periods, indicating that large liquidation or accumulation may not be the primary driver. Price-volume divergence suggests that the move may be driven by smaller participants, reducing the probability of a sustained bearish trend.

Fibonacci Retracements

On the 15-minute chart, price is near the 61.8% retracement level of the recent $0.000079 to $0.000080 swing, currently at $0.0000772. A close above $0.000078 could test the 78.6% retracement at $0.0000787. Daily-level Fibonacci levels suggest that $0.000076 is a key support level, and a break below this would expose the 38.2% retracement at $0.0000752 as a potential next target.

Backtest Hypothesis

The backtest aims to evaluate a strategy based on RSI(14) and MACD crossover signals to identify potential entry and exit points in the HAEDALBNB/BNB pair. The hypothesis is that oversold RSI levels (below 30) combined with a bearish MACD crossover could signal a high-probability bounce, particularly if volume confirms the move. Using a 5-day hold period, this strategy would look to capitalize on short-term rebounds in a volatile environment. Initial 24-hour analysis suggests that HAEDALBNB may be entering a phase where RSI divergence could provide actionable signals for traders.