Market Overview for Haedal Protocol/BNB (HAEDALBNB)

• HAEDALBNB remains range-bound, with no breakout above 0.0000836 or below 0.0000798 in the 24-hour window.

• Price action shows two bearish breakouts (20:00 and 20:15 ET) followed by consolidation, with no follow-through.

• Volume spiked during the two key price movements, but turnover remained muted, suggesting limited conviction.

• RSI and MACD remain neutral, with no clear overbought or oversold signals, pointing to a lack of directional bias.

• Bollinger Bands show slight contraction in the last 6 hours, indicating a potential prelude to a breakout or consolidation.

Haedal Protocol/BNB (HAEDALBNB) opened at 0.0000836 at 12:00 ET − 1 and reached a high of 0.0000836 and a low of 0.0000798 before closing at 0.0000814 at 12:00 ET. Total 24-hour volume was 15,224.0, with turnover concentrated in two key price moves after 20:00 ET.

The price action over the past 24 hours shows a pattern of consolidation with occasional bearish breaks, most notably at 20:00 and 20:15 ET, where the price dropped from 0.0000836 to 0.0000798 in two steps. These moves are supported by increased volume, but not followed by significant follow-through. The 20-period and 50-period moving averages on the 15-minute chart suggest a flat trend, with no clear short-term bias. The daily chart remains flat as well, with no major directional signals.

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Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) remain in neutral territory, indicating no strong momentum on either side. RSI has not moved beyond 55 or below 45, suggesting a lack of overbought or oversold conditions. MACD lines show no divergence from the price, reinforcing a sideways pattern. Bollinger Bands have contracted slightly in the last 6 hours, signaling a potential period of consolidation or a prelude to a breakout. However, without a clear break of key levels, a direction remains uncertain.

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Fibonacci retracement levels on the 15-minute chart suggest that key support levels lie between 0.0000800 and 0.0000798, with potential resistance at 0.0000836. The 38.2% and 61.8% retracement levels coincide with these areas, indicating possible points of interest for traders. The absence of significant volume or price confirmation beyond these levels, however, suggests that any break could be short-lived.

Backtest Hypothesis

The backtest strategy described involves identifying Bearish Engulfing signals on the HAEDALBNB pair. While an attempt to retrieve these signals encountered an error due to an asset-matching issue, this highlights the importance of ensuring precise ticker formats and data sources when implementing strategies. Once the correct ticker is confirmed (e.g., HAEDAL/BNB or HAEDALBNB-USDT), and the preferred exchange is identified, the system can retry generating the Bearish Engulfing signals and proceed with the backtest. Given today’s price action, any Bearish Engulfing signal would likely form near the 0.0000836 level, a historically contested resistance point.

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