Market Overview for Haedal Protocol/BNB (HAEDALBNB)

• Price moved lower from 0.0001042 to 0.0001012 in 24 hours, closing at 0.0001012.
• Minimal volume for most of the session, followed by a late afternoon increase on the downside.
• RSI indicates oversold conditions by close, suggesting potential for a near-term reversal.
• Bollinger Bands show tightening volatility earlier in the day, followed by a break below the lower band in late trading.
• No strong candlestick reversal patterns observed, but price consolidation near a 0.0001012 support level could offer entry points.

At 12:00 ET on 2025-10-08, Haedal Protocol/BNB (HAEDALBNB) opened at 0.0001042, hit a high of 0.0001042, and closed at 0.0001012, with a low of 0.0001006. Total volume was 15,718.8, and notional turnover was negligible for most of the session, with a late afternoon increase.

Structure & Formations
The price trended downward throughout the 24-hour window, forming a broad consolidation pattern before a sharp decline in late afternoon trading. No strong candlestick patterns such as engulfing or doji were observed, though a bearish rejection was noted at 0.0001026. A potential support level appears forming around 0.0001012, where the price closed. This area could offer a short-term reversal point if buyers enter.

Moving Averages
Using the 20-period and 50-period moving averages on the 15-minute chart, the price broke below both lines during the late afternoon decline, confirming a short-term bearish bias. The 50-period MA acted as dynamic resistance during the earlier part of the session, but the move below 0.0001026 signals weakening momentum.

MACD & RSI
The MACD line turned negative in the late afternoon and crossed below the signal line, reinforcing the bearish momentum. The RSI dropped below 30, reaching into oversold territory by close, which may signal a potential bounce or reversal in the short term. However, without a clear breakout above the 0.0001029 level, the bearish bias remains intact.

Bollinger Bands
Volatility tightened significantly in the early morning hours as the price hovered around the middle band. This was followed by a break to the downside in late trading, with the price closing near the lower band. The contraction and subsequent expansion may indicate a shift in sentiment, though further confirmation is needed for a reversal.

Volume & Turnover
Volume remained largely dormant until the late afternoon, when a sharp increase accompanied the move below 0.0001026. This confirms the bearish breakdown. Notional turnover also rose in that period, aligning with the price move and suggesting coordinated selling pressure. Divergences between volume and price were not observed, indicating confirmation rather than divergence.

Fibonacci Retracements
Applying Fibonacci levels to the recent 15-minute swing from 0.0001042 to 0.0001006, the 38.2% retracement level sits at 0.0001029, and the 61.8% level at 0.0001019. These levels may serve as short-term resistance and support, respectively, and could provide entry or exit points for near-term traders.

Looking ahead, HAEDALBNB could test the 0.0001012 level as a potential support zone over the next 24 hours. A break below this level could target the next Fibonacci level at 0.0001006. Traders should remain cautious, as oversold conditions do not always trigger immediate reversals without confirmation via volume and candlestick action.