Market Overview for Haedal Protocol/USDC

Summary
• Price traded in a tight range for much of the session before surging to a 24-hour high near 0.0508 in the early afternoon.
• High-volume 5-minute candles confirmed key breakouts around 0.05 and 0.0503, suggesting accumulation.
• RSI showed overbought conditions near 0.0508, while Bollinger Bands indicated rising volatility late morning to midday.
• A sharp sell-off in the final 30 minutes of the session pulled price back to 0.0479, raising short-term bearish signals.
• Volume and turnover aligned well with price direction, with no clear divergence detected.

24-Hour Price and Volume Activity

Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0476 on 2026-01-17 at 12:00 ET and reached a high of 0.0518 before closing at 0.0479 on 2026-01-18 at 12:00 ET. The total volume for the 24-hour window was approximately 826,338.8 HAEDAL tokens, with a notional turnover of $39,992.80.

Structure & Key Levels

The price formed a bullish engulfing pattern at 0.0504–0.0508 on the 5-minute chart, indicating a potential short-term reversal from a midday downtrend. Support appears to hold at 0.0483–0.0484, where price bounced multiple times. A failed breakout above 0.0508 and subsequent pullback suggest that 0.0508 may now serve as a near-term resistance with a potential retest expected.

Momentum and Volatility

MACD showed a bullish crossover and positive divergence late morning, aligning with the breakout above 0.05. However, a bearish crossover occurred following the afternoon sell-off. RSI moved into overbought territory above 0.0508 but retreated sharply after the late afternoon decline, indicating weakening momentum. Bollinger Bands expanded significantly during the afternoon rally, confirming rising volatility.

Volume and Turnover Signals

Volume surged during the breakout above 0.05 and again at the peak near 0.0508, supporting the price action. A sharp increase in turnover during the final hour as price fell below 0.049 suggests distribution or profit-taking. No major divergence was observed between price and turnover, implying that the move down was broadly supported by market participants.

Forward Outlook and Risk Note

The market appears to be consolidating after a volatile 24-hour session. A retest of 0.0508 could confirm or reject bullish intent, while a break below 0.0483 may trigger further downside risk. Investors should monitor volume and RSI levels for early signs of exhaustion or renewed accumulation. As always, sudden liquidity shifts or external market shocks could alter the near-term trajectory.