Summary
• Price declined from 0.0423 to 0.0408 on 24-hour OHLC, with key support around 0.0411.
• Volume spiked at 52,000+ units in early hours but waned as price consolidated.
• RSI and MACD signaled bearish momentum, with potential for further pullback.
• A 5-minute bearish engulfing pattern formed near 0.0421, suggesting short-term weakness.
• Bollinger Bands constricted during quiet hours, indicating a possible breakout or breakdown ahead.
Market Overview
Haedal Protocol/USDC (HAEDALUSDC) opened at 0.0423 on 2025-12-27 at 12:00 ET–1, reached a high of 0.0423, touched a low of 0.0406, and closed at 0.0408 by 12:00 ET. Total trading volume amounted to 212,188.5, with a notional turnover of 8,857.26
over the 24-hour window.
Structure & Formations
The 5-minute chart showed a bearish engulfing pattern at 0.0421, followed by a strong decline toward 0.0408. A key support level appears to be forming around 0.0411, where the price has bounced multiple times. A potential bear trap could develop if the price retests this level and breaks below it.
Moving Averages
On the 5-minute chart, the 20-period moving average moved below the 50-period line early in the session, confirming a bearish crossover. Daily moving averages remain uncalculated due to insufficient data, but the 5-minute trend suggests a continuation of downward momentum in the near term.
MACD & RSI
The MACD crossed below the zero line and remained in negative territory, signaling bearish momentum. RSI moved into oversold territory near 30, suggesting a potential short-term bounce could occur. However, without a strong reversal, the downward trend may persist.
Bollinger Bands
Volatility appeared to contract during the early morning hours, with price hovering near the middle band. A recent break below the lower band at 0.0406 suggests that sellers remain in control. A wider band expansion could be expected if trading picks up in the next 24 hours.
Volume & Turnover
Trading volume spiked sharply at 02:15 ET (51,000+ units), coinciding with a key breakdown at 0.042. However, volume decreased significantly afterward, indicating a lack of conviction in the bearish move. A higher volume on a lower close would typically signal strong bearish sentiment, which may persist in the near term.
Fibonacci Retracements
Applying Fibonacci levels to the recent 5-minute swing from 0.0423 to 0.0406, the 38.2% level is at 0.0417 and the 61.8% level is at 0.0412. The price has stalled near the 61.8% level and may test this area again. A break below 0.0406 could target the next level at 0.0403.
Over the next 24 hours, Haedal Protocol/USDC could find support around 0.0411 or face renewed bearish pressure below that level. Traders should remain cautious about a potential breakdown, especially if volume increases on the next leg down. As always, market conditions may shift quickly in crypto, so managing risk is essential.
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