Market Overview for Haedal Protocol/USDC

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, HAEDALUSDC 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.