HEMI +26.39% in 24 Hours Amid Market Volatility

On OCT 3 2025, HEMI rose by 26.39% within 24 hours to reach $3.81, despite experiencing a steep drop of 1629.96% over the past seven days and a 281.33% decline in the last month. The recent price movement marks a sharp reversal against the broader downtrend, though the long-term trajectory remains significantly bearish with a 3368.24% drop recorded over the past year.

HEMI’s performance over the past 24 hours has attracted attention from traders and investors, particularly as it contrasts with its extended bearish pattern. While the one-day gain represents a significant positive swing, it is considered an anomaly given the broader context of its performance over recent weeks and months. Analysts project that HEMI remains in a high-risk environment due to its prolonged volatility and large drawdowns. The 24-hour increase has been attributed to a combination of short-term trading behavior and market sentiment shifts, though no official announcements or fundamental changes have been linked to the movement.

Technical indicators currently show HEMI in a deeply oversold territory, though the readings are inconsistent with a strong reversal pattern. Moving averages across multiple timeframes remain bearish, with the 50-day and 200-day lines continuing to slope downward, reinforcing the idea that the recent upward move is unlikely to trigger a sustained bullish trend.

Backtest Hypothesis

A backtesting strategy has been proposed to evaluate the viability of short-term entry points in the wake of HEMI’s recent volatility. The strategy relies on a combination of technical indicators, including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and a 20-period Exponential Moving Average (EMA). The core hypothesis is that short-term bounces—such as the one observed on OCT 3—are more likely to follow a confirmed oversold RSI reading and a bullish crossover in the MACD.

The strategy is designed to trigger buy signals when the RSI falls below 30 and the MACD line crosses above the signal line, with a stop-loss placed at a fixed percentage below the entry price. A sell signal is generated upon the RSI crossing above 70 or when the MACD line crosses below the signal line again. The EMA acts as a confirmation filter, with trades only considered valid if the price remains above the 20-period EMA. This approach aims to capitalize on short-term corrections without exposing traders to the broader bearish trend.