Summary
• Price opened at $0.0458, fluctuated between $0.0453 and $0.0475, and closed near $0.0463.
• Key support around $0.0453–$0.0456 and resistance at $0.0468–$0.0472 emerged from consolidation and reversals.
• Volume surged in the early session but declined sharply after 06:00 ET, signaling waning momentum.
• A bullish engulfing pattern formed at $0.0461–$0.0465 but failed to sustain the advance.
• RSI hovered in neutral to slightly overbought territory, suggesting potential for profit-taking.
Haedal Protocol/USDC (HAEDALUSDC) opened at $0.0458 on 2026-01-05 at 12:00 ET and reached a high of $0.0475 before settling at $0.0463 at 12:00 ET on 2026-01-06. The pair traded between $0.0453 and $0.0475 over the period. Total volume reached 361,308.9 units, with a notional turnover of $16,544.19.
Structure & Formations
The price formed a consolidation pattern between $0.0464 and $0.0472 after a strong push above $0.0470. A bullish engulfing candle at $0.0461–$0.0465 indicated buying interest but failed to follow through. A bearish reversal was noted near $0.0471–$0.0468, suggesting short-term resistance is well-defined. Key support levels appear to be forming around $0.0453–$0.0456.
Moving Averages
On the 5-minute chart, the price hovered above the 20-period and 50-period SMAs, suggesting short-term bullish bias but with signs of exhaustion. Longer-term averages (e.g., 200-period daily) are not immediately relevant but could serve as reference points for future positioning.
Momentum & Overbought/Oversold
The RSI remained between 45 and 55 for most of the session, with brief excursions into overbought territory (RSI > 60) around $0.0470–$0.0472. MACD showed mixed signals—positive divergence early in the session but flattened out as volume waned, indicating weakening bullish momentum.
Volatility and Bollinger Bands
Volatility expanded during the early hours, pushing the price toward the upper Bollinger Band at $0.0472. After 06:00 ET, volatility contracted sharply, with the price moving closer to the middle band. This suggests potential for a continuation or a reversal depending on the next directional move.
Volume and Turnover
Volume spiked in the early morning hours, peaking at over 86,000 units during the 01:15–01:30 ET period. Turnover also showed strong correlation with price moves during these hours. However, a sharp drop-off in volume and turnover after 06:00 ET indicates reduced participation and possible exhaustion. Divergences between price and volume suggest traders should watch for false breakouts.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from $0.0453 to $0.0475, the 38.2% retracement level sits at $0.0468, and the 61.8% level at $0.0461. Price bounced off the 61.8% level multiple times, indicating a potential pivot point for the next 24 hours.
The pair may test the $0.0468–$0.0472 level again in the coming days, with a potential pullback to $0.0456–$0.0458 if buying pressure falters. Traders should remain cautious of the thinning volume and potential for a mean-reversion move if the consolidation pattern fails to hold.
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