Market Overview: Haedal Protocol/USDC on 2025-12-28

Summary
• Price declined from 0.044 to 0.0426 amid uneven volume and weak momentum.
• Key support appears at 0.0426, tested twice with no immediate rejection.
• Downturn was confirmed by falling RSI and MACD, showing bearish bias.
• Volatility expanded mid-cycle before stabilizing near the close.
• On-balance volume suggests sellers controlled much of the day’s action.

Haedal Protocol/USDC (HAEDALUSDC) opened at 0.044, reached a high of 0.044, and closed at 0.0426 at 12:00 ET. The pair traded as low as 0.0426 during the session, showing a bearish bias. Total 24-hour volume was 322,842.1, with a notional turnover of 13,899.25.

Structure & Formations

The price declined in a series of bearish consolidation patterns, including inside bars and small bodies, with a key support level forming at 0.0426. A potential reversal signal was attempted mid-afternoon but failed to generate conviction, suggesting sellers remain dominant.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart are bearishly aligned, with price below both. The 50-period average appears to act as a minor resistance level in the short term, limiting potential countertrend moves.

MACD & RSI

The MACD turned negative mid-morning and remained bearish throughout the day, confirming the downtrend. RSI dropped below 30 during the afternoon, indicating oversold conditions, but no strong reversal has occurred yet. Momentum remains weak despite the pullback in volume.

Bollinger Bands

Volatility increased during the early part of the session, with price dropping sharply below the lower band, confirming bearish pressure. Later in the day, price stabilized within the bands, but no clear rebound has been observed.

Volume & Turnover

Volume spiked during key declines, especially between 01:30 and 03:30 ET, confirming the bearish bias. Turnover increased in line with volume during those periods, showing active bear participation. A divergence between volume and price is not evident, suggesting directional clarity in the trend.

Fibonacci Retracements

From the initial high of 0.044 to the low of 0.0426, key Fibonacci levels suggest 38.2% at 0.0433 and 61.8% at 0.0429 as potential areas for short-term resistance. Price may test these levels in the near term if buyers enter the market.

The 24-hour chart suggests a continuation of bearish momentum unless buyers begin to assert control above 0.043. A retest of the 0.0426 level could confirm its strength as support or trigger a further decline. Investors should remain cautious, as divergence or a sudden increase in volume could signal a reversal in the near term.