Market Overview: OpenEden/BNB (EDENBNB) 24-Hour Summary (2025-11-08)

Summary
• Price opened at 0.0001136 and closed at 0.0001115 after hitting a high of 0.000121 and low of 0.0001055.
• Volatility increased with a sharp intraday drop after a bullish breakout failed.
• Turnover surged during the 19:00 ET to 20:00 ET window but faded late into consolidation.

Market Overview: OpenEden/BNB (EDENBNB) 24-Hour Summary

At 12:00 ET on 2025-11-08, OpenEden/BNB (EDENBNB) opened at 0.0001136, reaching an intraday high of 0.000121 and a low of 0.0001055 before closing at 0.0001115. The 24-hour total volume was 1,934.90, while notional turnover remained limited due to low price movements, with most candles closing flat or within narrow ranges. Despite high volume during a brief breakout attempt, the pair eventually retracted and settled into a sideways pattern overnight.

Structure & Formations

The price formed a sharp bullish breakout on 19:00–19:15 ET, followed by a bearish reversal candle on 23:30–23:45 ET as volume spiked and prices retracted to the 0.0001158 level. This suggests a key area of internal resistance at 0.000120–0.000121 and possible support at 0.0001115. A potential bearish engulfing pattern appeared during the retracement, indicating a shift in short-term sentiment.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, reflecting a lack of clear directional bias. However, the 50-period line has crossed above the 20-period line in recent hours, hinting at a possible short-term bearish tilt. Daily MA lines are not yet available due to the compressed timeframe.

MACD & RSI

The MACD histogram expanded during the initial bullish phase but quickly contracted as bearish pressure took over. The RSI reached 61.8 during the high and dropped to 42.0 by the close, suggesting a return to neutral territory. This supports the idea that the price may consolidate before showing any definitive direction.

Bollinger Bands

During the peak of the bullish move, price approached the upper Bollinger Band, indicating overbought conditions. By the end of the session, it had settled well within the bands but near the 50% level, suggesting a temporary pause in volatility. No significant contractions were observed, though a contraction may be forming as the range narrows.

Volume & Turnover

Volume spiked during the 19:00–20:00 ET window as price reached the session high, but this was not followed by meaningful price action. The subsequent bearish move was confirmed with volume on 23:30–23:45 ET and again in the early morning hours. Turnover remains limited due to the low price levels, making it difficult to assess true liquidity.

Fibonacci Retracements

A 61.8% Fibonacci retracement level appears near 0.0001115, aligning with the 15-minute low on the 04:15 ET candle. This could serve as a short-term support zone. On a daily basis, the retracement levels are not yet defined due to the compressed timeframe.

Backtest Hypothesis

The data service encountered an issue when attempting to detect “Bullish Engulfing” patterns for EDENBNB, likely due to an unrecognized or inconsistent symbol format. To proceed with the backtest, a verified ticker format is required—commonly structured as “EDENBNB:BINANCE” or similar. Alternatively, if you provide a list of known “Bullish Engulfing” dates for this pair, the backtest can be completed using that external data. This will allow for a 24-hour-hold evaluation from January 1, 2022, to present. A valid ticker or signal list is essential to proceed accurately.