Market Overview: Haedal Protocol/BNB (HAEDALBNB) – 2025-11-13

Summary
• Price opened at $0.0000764 and remained within a narrow range of $0.000075–$0.0000764 for most of the day.
• A single sharp bullish candle at 04:00 ET lifted the close to $0.000076, but momentum remains limited.
• Volume and turnover remained subdued, with most 15-min intervals showing no trading activity.

HAEDALBNB opened at $0.0000764 at 12:00 ET–1 and closed at $0.000076 at 12:00 ET, hitting a high of $0.0000764 and a low of $0.000075. Total trading volume over the 24-hour period was 1,776.3 units, with a notional turnover of approximately $0.135 (based on average price). Price action suggests a lack of conviction, as buyers struggled to break above $0.0000764 and sellers failed to push the pair below $0.000075.

Structure & Formations

The price has been consolidating tightly between $0.000075 and $0.0000764 for most of the session, forming a horizontal range. The key support appears to be at $0.000075, which has held firm in multiple testing instances. A notable bullish 15-minute candle at 04:00 ET closed at $0.000076, forming a small break higher but not yet confirming a breakout. A potential bearish engulfing pattern was observed around 17:30 ET, suggesting a temporary rejection of higher prices.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned near $0.0000757. The price has spent most of the session below these averages, indicating bearish bias on shorter timeframes. On the daily chart, the 50-period moving average is still a long way from current price levels, suggesting a lack of clear trend or momentum.

MACD & RSI

The MACD histogram remains flat and near zero, consistent with a sideways session. RSI oscillated between 48 and 52 for most of the day, suggesting a lack of overbought or oversold conditions. The RSI briefly spiked above 55 at 04:00 ET following the bullish candle, hinting at potential short-term buying interest, but it quickly returned to neutral territory.

Bollinger Bands

Price has remained within the Bollinger Bands, centered around $0.0000757, with a narrow band width suggesting low volatility. The closing bullish candle at 04:00 ET briefly pushed the price to the upper band but did not trigger a breakout. Continued consolidation may signal a continuation of range-bound trading unless volatility expands.

Volume & Turnover

Trading activity was minimal during most 15-minute intervals, with 14 out of 96 showing zero volume. A few spikes in volume occurred at 17:30 ET, 20:15 ET, and 04:00 ET, coinciding with price movements. The low turnover reinforces the idea of low conviction in price direction, with traders likely waiting for a clearer breakout signal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.000075 to $0.0000764, the 50% level is at $0.0000757, where the price has spent most of the session. A retest of the 61.8% level at $0.0000761 may offer a near-term resistance if the bullish candle at 04:00 ET proves significant.

Backtest Hypothesis

To develop a robust strategy around HAEDALBNB’s behavior, a backtest using Bullish and Bearish Engulfing patterns on the 15-minute chart would be appropriate. Based on the observed patterns and low-volume environment, a volume-weighted approach with a strict 3-day exit rule (option a) is recommended to avoid being trapped in a sideways range. Using close prices ensures consistency with typical entry/exit mechanics. This approach would allow testing of how often these patterns appear and whether they can capture small, consistent gains in a low-volatility market.