Summary
• Price action shows a bearish bias with key support tested below 0.0381 during overnight trading.
• Volume spikes in the early morning suggest heightened selling pressure from 04:15 ET onward.
• RSI remains in oversold territory, indicating potential for short-term rebound, though momentum remains weak.
Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0386 on 2025-12-17 12:00 ET, reaching a high of 0.0389 and a low of 0.0361 before closing at 0.0372 on 2025-12-18 12:00 ET. Total 24-hour volume was 1,489,792.8, with turnover of 54,880.10
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Structure & Formations
Price action developed a descending triangle pattern over the last 12 hours, with a key support level forming at 0.0361–0.0365. A long-bodied bearish candle formed at 04:45 ET, followed by a series of lower lows and a potential bear trap near 0.0375.
Moving Averages
On the 5-minute chart, price closed below the 20SMA and 50SMA, reinforcing the short-term bearish trend. Daily chart indicators suggest the 200DMA has not yet been reached, suggesting a possible consolidation phase ahead.
MACD & RSI
The MACD line crossed below the signal line mid-morning, confirming bearish momentum. RSI hit 30 and remained in oversold territory, suggesting a potential bounce from key support.
Bollinger Bands
Volatility expanded significantly overnight as the pair traded within the lower Bollinger Band. A contraction began forming near 0.0373, possibly hinting at a reversal setup.
Volume & Turnover
Volume spiked sharply from 04:15 ET with a massive 809,674.0 volume candle at 0.0371. Turnover spiked at 0.0371 and 0.0367, indicating strong selling into the close. Price and volume aligned during the early morning decline, reinforcing bearish conviction.
Fibonacci Retracements
The recent 0.0361–0.0379 swing shows a 61.8% retracement at 0.0372, which coincided with the 12:00 ET close. This level may now act as a short-term pivot for potential bullish bounces.
The market appears to be consolidating below key support at 0.0361–0.0365 with a possible rebound toward 0.0375 expected in the next 24 hours. Investors should remain cautious, as a break below 0.0361 could accelerate the decline further.
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