Market Overview: Haedal Protocol/BNB (HAEDALBNB) 24-Hour Analysis

• Price opened at $0.0001199 and closed at $0.0001157 after a bearish 15-minute reversal.
• A 0.35% decline over 24 hours, with a 0.52% low-to-high range and muted volatility.
• Volume was sparse throughout, with only two notable spikes at $0.0001212 and $0.0001157.
• A bearish engulfing pattern formed at the 19:30 ET hour as price dropped from $0.0001212 to $0.0001189.
• Overbought conditions were observed briefly at $0.0001212 but quickly corrected downward.

Market Overview

Haedal Protocol/BNB (HAEDALBNB) opened at $0.0001199 on October 3, 2025, at 12:00 ET, and closed at $0.0001157 at the same time on October 4, 2025. The 24-hour range was between $0.0001157 and $0.0001213, with a total volume of 21,892.5 BNB and a notional turnover of approximately $2.58 (assuming BNB price of $0.116 at time of calculation). Price action suggests weak buyer participation and a bearish bias.

Structure & Formations

Price action reveals a bearish reversal at the $0.0001212 level, marked by a large bearish engulfing pattern at 19:30 ET. A second bearish reversal occurred at $0.0001189, with price dropping to $0.0001169. The final 15-minute candles suggest consolidation at $0.0001168–$0.0001157. Notable support appears at $0.0001157, with no clear resistance above $0.0001213. The pattern indicates potential for further downward movement in the absence of a breakout above $0.0001212.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages remain aligned closely, reflecting flat momentum. Price remains below both lines, suggesting bearish control. On the daily chart, the 50- and 200-day moving averages would likely show a bearish crossover, with HAEDALBNB trading below the 50-day line and well below the 200-day line. This alignment reinforces the bearish trend.

MACD & RSI

The MACD histogram showed a brief overbought pulse at $0.0001212 but quickly flipped into bearish territory, confirming the trend reversal. RSI reached a high of ~60 during the short-lived rally, then dropped below 40 for the remainder of the day. The current RSI at ~35 suggests moderate oversold conditions, but without a volume-based confirmation, a bounce is uncertain. Momentum remains bearish and could continue without a clear reversal signal.

Bollinger Bands

Volatility has remained low, with Bollinger Bands compressed between $0.0001157 and $0.0001213. Price spent most of the session near the lower band, especially after 19:30 ET. A contraction in the bands could suggest consolidation, but with price near the lower boundary, a breakout to the downside appears more probable than a reversal. A breach of the lower band could signal an expansion in volatility and a possible continuation of the bearish trend.

Volume & Turnover

Volume remained subdued throughout the session, with only two spikes at $0.0001212 (4,540.4 BNB) and $0.0001157 (8,709.9 BNB). These spikes coincided with price declines, indicating selling pressure. Turnover followed a similar pattern, with no divergences observed between price and volume. The lack of volume suggests weak conviction in both bullish and bearish moves, and while the recent lows were confirmed by volume, a sustained move higher would require a significant increase in participation.

Fibonacci Retracements

On the 15-minute chart, price retraced to the 61.8% level at $0.0001189 during the 19:30 candle before dropping further. The 38.2% level at $0.0001169 did not provide support, as price continued lower. On the daily chart, a retest of the 61.8% retracement of the recent high to low is likely near $0.0001157–$0.0001163, suggesting this range could act as a pivot point for near-term action. A break below this level would confirm the 78.6% level as the next target.

Backtest Hypothesis

The described backtesting strategy involves entering a short position at the close of a 15-minute bearish engulfing pattern, with a stop loss placed above the high of the formation and a take profit set at the 61.8% Fibonacci level. Given the bearish engulfing pattern formed at 19:30 ET on October 3, this strategy would have triggered a short entry at $0.0001189, with a stop loss above $0.0001212 and a target of $0.0001157. The trade would have been successful, as price did break below the target. A similar pattern could be used for entries in the next 24 hours if confirmed by volume and a breakout below key support levels.