Summary
• Price dropped from 0.0377 to 0.0350 before rebounding, forming key support near 0.0350 and resistance near 0.0375.
• Volume surged during the initial decline but faded during the recovery, indicating mixed conviction.
• RSI hit oversold levels (below 30), hinting at potential for a short-term rebound.
• Price tested lower Bollinger Band, suggesting high volatility and consolidation.
• A bullish hammer pattern formed near 0.0366, signaling cautious optimism.
Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0376 on 2025-12-18 at 12:00 ET, reached a high of 0.0377, a low of 0.0350, and closed at 0.0374 on 2025-12-19 at 12:00 ET. Total 24-hour volume was 1,398,119.5 and turnover was approximately 44,623.61.
Structure & Formations
Price declined sharply in early sessions, hitting a low near 0.0350 before consolidating and rebounding into the late evening and overnight sessions. A bullish hammer formed at 0.0366 during the recovery, suggesting short-covering or accumulation near the key psychological level. The pair tested key resistance at 0.0375, but failed to break through, reinforcing its significance.
Moving Averages
On the 5-minute chart, price closed above the 20-period moving average but below the 50-period line, indicating short-term indecision. Daily averages (50, 100, 200) were not available in this dataset but could be used to identify longer-term bias if extended data is accessible.
MACD & RSI
RSI hit oversold territory during the 0.0350 low and has since rebounded into the neutral range (50–60), hinting at potential for a bounce. The MACD showed bearish divergence early in the decline but flipped to a bullish crossover during the recovery, offering mixed signals on momentum.
Bollinger Bands
Volatility expanded during the initial drop, with price dipping near the lower Bollinger Band. As price recovered, it moved back toward the middle band, suggesting some consolidation ahead.
Volume & Turnover
Volume spiked during the initial decline (notably in the 19:00–21:00 ET window), confirming bearish pressure. The recovery in the late evening and overnight saw moderate volume, with some divergence indicating weaker conviction. Total turnover aligned with the
volume spikes, confirming participation during key price moves.
Fibonacci Retracements
On the 5-minute chart, the 0.0360 level corresponds closely with the 50% retracement of the 0.0350–0.0375 move. This level appears to be a key area of interest, with price rebounding from or consolidating around it multiple times.
Price may consolidate around 0.0370–0.0375 for the next 24 hours, with a potential test of the 0.0375 resistance. However, traders should remain cautious of a pullback to 0.0365 or lower, especially if volume fails to confirm a breakout.
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