HAEDAL Faces Critical $0.17 Support After Sharp Spike and Consolidation Phase

• HAEDAL surged sharply to $0.22 on May 21, then settled into a tight range, signaling cautious trader balance.
• Resistance near $0.22 triggered lower highs, while $0.17-$0.172 holds as a critical short-term support zone.
• Breaking below $0.145 risks deeper losses near $0.118, while reclaiming $0.175 could reignite bullish momentum.

$HAEDAL has seen sharp volatility, drawing attention from both bullish and bearish market participants. The asset experienced a sudden spike followed by a consolidation phase, raising questions about the next move.

HAEDAL surged from $0.137000 to $0.220000 in a sharp vertical movement on May 21. This breakout candle marked a significant bullish impulse, driven by heavy volume. Since then, the asset has traded within a tightening range, suggesting possible price equilibrium.

As we can see from the post above, one bullish analyst highlighted a breakout pattern with strong upside momentum. Price action between $0.175000 and $0.145000 has emerged as a key equilibrium zone. Below that, a marked red area suggests a support or invalidation region starting near $0.145000.

The initial spike included notable volume surges, indicating intense buying pressure. The yellow box in the chart identifies a breakout-and-retest zone acting as a possible consolidation area. Despite a retracement, the price remained above the lower support boundary near $0.114679, validating it as a strong defense line.

What stands out is the absence of oscillators or indicators; this raw structure highlights a price-action-based approach. A gradient background from purple to blue segments price behavior, emphasizing volatility pockets. The presence of a highlighted vertical line draws attention to the pivotal breakout candle on May 21.

Resistance, Rejection, and Lower High Formation

Following the rally, HAEDAL faced rejection near $0.220000, initiating a clear shift in trend direction. Candles formed lower highs and lower lows, with increasing downward wicks. This signals short-term bearish sentiment and profit-taking behavior.

Moreover, but there’s also evidence of support formation between $0.170000 and $0.172000. Price recently bounced off this lower grey box, indicating temporary buyer defense. However, the spread between the buy and sell price remains tight at $0.000023, confirming ongoing market tension.

It’s worth noting that HAEDAL now trades around $0.176369, just above key support. Without visible volume data or timeframe clarity , it’s difficult to assess longer-term momentum strength. Still, this doesn’t mean everything is settled; HAEDAL’s next move may hinge on its reaction to this current zone.

Key Levels and Future Price Scenarios

The price must hold above $0.170000 to avoid falling into the lower invalidation zone starting at $0.145000. If bulls reclaim $0.175000 decisively, a retest of the $0.200000 area remains possible. On top of that, there’s the fact that any break below $0.145000 may signal further downside toward $0.118000 or lower.

This ongoing tug-of-war between buyers and sellers has established a narrow but critical range. Traders will likely monitor volume spikes and candle structure near these zones for confirmation. While the breakout was decisive, the follow-up action will determine whether HAEDAL can regain its upward trajectory.