Market Overview for Haedal Protocol/BNB (HAEDALBNB)

• HAEDALBNB traded in a narrow range for most of the session, with a sharp drop around 21:00 ET.
• A sudden bearish move broke below key support, suggesting potential continuation lower.
• Volume surged during the 21:00–22:00 ET window, confirming the breakdown.
• RSI and MACD show bearish momentum, with RSI near oversold levels.
• Volatility expanded post-breakdown, but no significant follow-through has occurred so far.

The HAEDALBNB pair opened at 0.0001066 on 2025-10-10 at 12:00 ET and closed at 8.99e-05 on 2025-10-11 at 12:00 ET. The 24-hour high was 0.0002434, while the low reached 4.51e-05. Total volume traded was 161,490.2, and the notional turnover amounted to 10.36 (calculated from cumulative high × volume). The session was marked by an early consolidation followed by a sharp bearish breakdown after 21:00 ET.

Structure & Formations

HAEDALBNB traded within a tight range between 0.0001017 and 0.0001066 for much of the first half of the session, forming a horizontal consolidation pattern. A key breakdown candle emerged at 20:00 ET, with a long lower wick and a close near the low. The price then continued to trend lower, forming a series of bearish engulfing patterns as it moved through multiple key support levels. A significant pivot point appears to be the 7.65e-05 level, where the price paused briefly before resuming the downtrend.

Support & Resistance

Key support levels that were breached include 0.0001017 (initial consolidation floor) and 7.65e-05 (second consolidation level). Resistance levels now sit at 8.3e-05 and 8.53e-05, both of which acted as ceilings in the immediate bounce attempts. A critical psychological level of 8.5e-05 may act as near-term resistance if a retracement occurs.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward post-21:00 ET, confirming the bearish momentum. The 20 MA crossed below the 50 MA, forming a death cross in the short term. On the daily chart, the 50-period MA is above the 100- and 200-period lines, indicating a longer-term bearish tilt, though the 200 MA is currently flat and may offer some support.

MACD & RSI

The MACD histogram turned negative and widened after the 21:00 ET breakdown, signaling strong bearish momentum. The signal line crossed below the histogram, reinforcing the bearish bias. RSI dropped below 30 by 22:00 ET, indicating oversold conditions. However, RSI has not shown a strong reversal signal yet, suggesting that the pair could test lower levels before a potential bounce.

Bollinger Bands

Volatility initially contracted during the early consolidation phase but expanded significantly after the breakdown. The price traded well below the lower Bollinger Band from 21:00 ET onward, indicating an oversold condition. The bands themselves widened post-breakdown, reflecting increased uncertainty and potential for a continuation or consolidation phase ahead.

Volume & Turnover

Volume spiked during the 21:00–22:30 ET window, particularly around the 21:15 ET and 21:45 ET candles, confirming the bearish breakdown. The volume during the initial consolidation was near zero, suggesting minimal interest. Notional turnover also increased sharply during the breakdown phase, aligning with the price action and indicating significant participation.

Fibonacci Retracements

Fibonacci levels drawn from the 21:00 ET breakdown to the 22:45 ET bounce suggest that the 61.8% level (around 8.3e-05) is a critical retracement target. If HAEDALBNB fails to hold this level, the next support could be at 8.03e-05. On the daily chart, the 38.2% retrace level from the recent high is near 9.02e-05, which may act as resistance on any near-term bounces.

Looking ahead, the immediate bias is bearish, with the price likely to test the 8.3e-05 Fibonacci and moving average support level. A sustained break below this level could accelerate the downtrend toward 8.03e-05 or lower. However, a strong bullish reversal at 8.3e-05 or a rejection at 8.5e-05 could indicate short-term relief. Investors should monitor the 50-period MA on the 15-minute chart and volume patterns for signs of exhaustion or continuation.

Backtest Hypothesis

A potential backtest strategy involves entering a short position after a bearish breakout candle closes below the 7.65e-05 level, confirmed by a volume spike and a bearish MACD crossover. A stop-loss could be placed above the 8.3e-05 resistance level, with a take-profit target at the 8.03e-05 Fibonacci level. This setup capitalizes on the technical signals observed during the breakdown, including bearish engulfing patterns and bearish divergence in the RSI.