Market Overview for Haedal Protocol/USDC

Summary
• Price rose from 0.0477 to 0.0494 before consolidating near 0.0489.
• High volume spikes confirmed key resistance breakouts and pullbacks.
• RSI signaled overbought conditions around 0.0494 and oversold near 0.0483.
• Bollinger Bands showed widening volatility during the upward move and contraction during consolidation.

At 12:00 ET on 2025-12-12, HAEDALUSDC opened at 0.0477, reached a high of 0.0494, touched a low of 0.0483, and closed at 0.0489. Total volume for the 24-hour period was approximately 362,893.2 with a notional turnover of about 17,355.3.

Structure & Formations

The 24-hour chart displayed a bullish breakout above 0.0486 followed by a pullback to test and hold above 0.0483. A strong bearish rejection occurred near 0.0494, marked by a large-volume candle with a long upper wick. A bullish engulfing pattern formed after 01:00 ET, signaling potential short-term buying interest.

Moving Averages

On the 5-minute chart, price spent most of the session above the 50-period and 20-period moving averages, which converged in the 0.0486–0.0487 range. Daily moving averages were not directly observable due to the time window, but the session ended with price consolidating near key support-turned-resistance at 0.0489.

MACD & RSI

The MACD showed a bearish crossover in the final 6 hours of the session, reflecting weakening upward momentum.

RSI peaked at overbought levels around 0.0494 and dipped into oversold territory near 0.0483 before rebounding. This suggests the market may be entering a phase of consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the mid-session rally to 0.0494, reflecting increased volatility. Price then consolidated within a narrowing band after 04:00 ET, suggesting traders are waiting for a clear directional signal.

Volume & Turnover

Volume spiked sharply during the upward move to 0.0494, with the largest single-volume candle recording 31,950.7 contracts. After this, volume dropped off significantly, suggesting lack of follow-through buying. The volume profile confirms that the 0.0494 level acted as a meaningful resistance.

Fibonacci Retracements

Fibonacci retracements drawn from the 0.0477 low to the 0.0494 high showed price consolidating near the 61.8% retracement level at 0.0486–0.0487. This level has acted as a key support and potential area of interest for near-term buyers.

Price may find direction based on the next test of 0.0494 or 0.0483. A break above 0.0494 could attract fresh buyers, while a drop below 0.0483 would signal renewed bearish momentum. Investors should watch for volume confirmation with any directional move.