Summary
• Price action showed consolidation between 0.0442 and 0.0456, with key support at 0.0442 and resistance at 0.0456.
• Momentum weakened as RSI approached midline, indicating potential indecision in market sentiment.
• Volume spiked during the 19:15–19:30 ET window, coinciding with a sharp pullback from 0.046 to 0.0452.
• Bollinger Bands displayed low volatility in early hours, followed by moderate expansion as volume increased.
• A bearish engulfing pattern formed at 23:00–23:15 ET, signaling potential downward momentum.
Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0453 on 2026-01-07 at 12:00 ET, reached a high of 0.046, a low of 0.0437, and closed at 0.0438 by 12:00 ET on 2026-01-08. Total volume was 181,000.7, and notional turnover amounted to 8,068.3.
Structure & Formations
Price consolidation between 0.0442 and 0.0456 emerged as the key structure, with 0.0456 acting as a short-term resistance and 0.0442 as a support.
A bearish engulfing pattern formed during the 23:00–23:15 ET window, suggesting a potential continuation of downward momentum. A bullish reversal may occur if buyers push above 0.0456.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages showed price hovering near the 50SMA, indicating a sideways bias. On the daily chart, the price appears to be consolidating near the 100SMA, with no clear direction from the 200SMA, which suggests a neutral setup for the next 24 hours.
MACD & RSI
The MACD histogram showed a contraction in momentum, while the RSI moved closer to 50, indicating a balanced market. A bearish signal was visible during the 23:00–23:15 ET window, with RSI dipping below 50 and MACD turning negative, hinting at a potential pullback.
Bollinger Bands
Bollinger Bands reflected a period of contraction in the early hours, followed by moderate expansion as volume picked up. By 2026-01-08, the price was trading near the middle band, suggesting indecision and potential for a breakout in either direction.
Volume & Turnover
Volume spiked significantly during the 19:15–19:30 ET and 07:15–07:30 ET windows, coinciding with sharp downward and upward moves, respectively. Notional turnover spiked during these periods as well, confirming price action. A divergence in volume and price occurred during the 23:45–00:00 ET period, suggesting a weakening of the downward trend.
Fibonacci Retracements
Recent 5-minute retracements showed the price retesting key levels at 0.0456 (61.8%) and 0.0442 (38.2%). A move beyond 0.046 could trigger a test of the 61.8% level, while a break below 0.0442 could extend the downward correction toward 0.0437.
Over the next 24 hours,
may consolidate near 0.0442–0.0456 as buyers and sellers test key levels. Traders should monitor for a breakout above 0.0456 or a breakdown below 0.0442, which could signal a shift in trend. As always, unexpected news or volatility may challenge these projections.
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