Crypto Sat

$HAEDAL 30mins Chart – Impulse Correction Underway

Haedal Protocol ( #HAEDAL ) has just wrapped up a clean 5-wave Elliott impulse, topping out near $0.22, marking a significant short-term high. Now, the market is pulling back, potentially entering a classic ABC corrective phase.

Key technicals:

Wave 5 finished with strong momentum, but signs of exhaustion followed.

Current retracement targets the 0.618 Fibonacci level at $0.167, a common support zone in wave theory.

This zone aligns with previous structural support, adding confluence to the bounce potential.

Volume is declining during the pullback — a bullish correction trait.

If this zone holds, the next impulse wave could resume toward new highs.

What to watch 👀

Price behavior near $0.167: Strong bounce = likely continuation.

Failure to hold $0.167 may extend the correction toward $0.15.

This is a cooling-off phase, not a collapse — yet.