Market Overview: Haedal Protocol/USDC 24-Hour Analysis

Summary
• Price declined from 0.0470 to 0.0454, forming bearish momentum with a strong 61.8% Fibonacci retracement.
• Volume spiked during key price declines, confirming bearish conviction after initial consolidation.
• RSI reached oversold territory, hinting at potential short-term bounce amid tight Bollinger Band contraction.

The HAEDALUSDC pair opened at 0.0470 on 2025-12-13 12:00 ET, reached a high of 0.0475, a low of 0.0449, and closed at 0.0454 on 2025-12-14 12:00 ET. Total volume was 447,993.7 USDC, with a notional turnover of approximately 20,490 USD.

Structure & Formations

Price declined sharply from 0.0475 to 0.0449, forming a bearish breakdown below key support levels previously identified at 0.0466 and 0.0463. A bearish engulfing pattern formed at the 0.0469 level, followed by a deep retracement that aligned with the 61.8% Fibonacci level on the 5-minute chart.

The pair appears to have tested a potential short-term support floor near 0.0450–0.0453, where consolidation began.

Moving Averages and Momentum

On the 5-minute chart, the 20- and 50-period moving averages remained bearish and closely aligned, indicating a strong downward bias. The daily chart’s 200-period MA acts as a critical psychological level near 0.0460–0.0463, which the pair has tested and fallen below. The MACD showed bearish divergence during the early part of the session, then confirmed the bearish momentum during the late ET hours. RSI reached oversold levels near 28, suggesting potential for a small bounce before further declines.

Volatility and Bollinger Bands

Volatility expanded significantly during the 5:45–6:00 ET window, as the price dropped from 0.0463 to 0.0456 in a single candle. The Bollinger Bands tightened during the overnight hours, suggesting a potential breakout or reversal, though the actual move was bearish. Price has remained below the mid-band since the 6:00 ET hour, indicating ongoing weakness.

Volume and Turnover Dynamics

Volume surged during the key breakdown phases, especially between 5:30–6:00 ET and 8:30–9:00 ET, with large notional turnover confirming bearish conviction. However, volume dropped off during the consolidation phase in the early hours of 2025-12-14, suggesting temporary exhaustion. A divergence between volume and price movement during the 9:00–10:00 ET period may hint at a minor pullback before a potential test of the 0.0445 level.

The market appears to be in a bearish consolidation phase after a sharp 1.85% drop. A short-term rebound near 0.0454 may occur due to RSI overextension, but the larger bearish trend could persist if volume remains weak on any upward attempt. Investors should monitor the 0.0450–0.0453 range and the 0.0463 psychological level for potential reversals or further breakdowns.