Market Overview for Haedal Protocol/USDC (HAEDALUSDC)

Summary
• Price drifted down on high volume, forming bearish patterns near 0.045.
• RSI and MACD signaled weakening momentum amid a broad consolidation phase.
• Volatility dipped in late hours, with price near 20-period MA but below 50-period MA.
• Bollinger Bands showed mild expansion, suggesting a potential break from range.
• Fibonacci levels at 0.0445 and 0.0442 appeared to cap and support the price action.

Market Overview

Haedal Protocol/USDC (HAEDALUSDC) opened at 0.045 on 2026-01-03 12:00 ET, reached a high of 0.0452, a low of 0.0431, and closed at 0.0436 as of 2026-01-04 12:00 ET. The 24-hour volume totaled 644,661.5, with a notional turnover of 27,998.72 USD.

Structure & Formations

The price action displayed a series of bearish inside bars and doji near 0.045, suggesting indecision. A larger bearish engulfing pattern formed between 18:00 and 19:00 ET, which marked a key pivot point in the 5-minute chart. Resistance at 0.0452 and support at 0.0445 became clearly defined during the session.

Moving Averages

On the 5-minute chart, price closed near the 20-period MA but fell below the 50-period MA, suggesting a short-term bearish tilt. The daily 50-period and 200-period MAs remain unbroken, indicating a continuation of a broader consolidation phase.

MACD & RSI

The MACD histogram showed a gradual decay from midday onward, pointing to fading bullish momentum. RSI moved sideways between 40 and 50, reinforcing the sideways trading action and signaling a lack of strong directional bias.

Bollinger Bands

Bollinger Bands displayed a modest expansion during the late hours, with the price sitting near the lower band for much of the session. This suggests a potential test of volatility or break from range trading as the next 24 hours unfold.

Volume & Turnover

Volume spiked during the 19:15 to 20:00 ET window, coinciding with a sharp drop toward 0.0442. Turnover closely aligned with volume, showing no divergences. The quiet period in the early hours of the morning, however, indicated reduced liquidity or market sentiment.

Fibonacci Retracements

A 61.8% Fibonacci retrace of the move from 0.0452 to 0.0431 aligned closely with the 0.0442 level, where price found brief support. The 38.2% retrace at 0.0445 appeared to act as a psychological floor for the last leg of the session.

The market appears to be testing its support levels with a possible continuation of the bearish momentum. Investors should monitor for a break below 0.0431, as that could trigger further downward correction. As with any range-bound market, sudden news or order flow could disrupt the current structure.