HEMI -3752.18% in 1 Year Due to Sustained Market Downtrend

On OCT 8 2025, HEMI dropped by 427.81% within 24 hours to reach $3.57, HEMI dropped by 701.3% within 7 days, dropped by 843.99% within 1 month, and dropped by 3752.18% within 1 year.

HEMI has experienced a prolonged bearish trajectory over the past year, marked by increasingly severe declines. The most recent drop of 427.81% within a single day highlights the continued pressure on the asset, with no signs of reversal. This sharp move is part of a broader trend that has seen the asset lose 843.99% of its value in the last month, and nearly 3752.18% over the past year. The 7-day loss of 701.3% further underscores the depth and acceleration of the decline, suggesting a market that is increasingly unresponsive to potential stabilizing factors.

From a technical analysis standpoint, HEMI has failed to hold key support levels in recent weeks, leading to a cascade of selling pressure. The asset has broken below several critical moving averages and is trading far below its 52-week high. Analysts project that without a significant and sustained buying interest, the downward momentum is likely to persist. However, as of the current date, no such reversal has been observed in price action, and the asset remains at its weakest level in over a year.

Backtest Hypothesis

A backtesting strategy has been developed to evaluate potential responses to the technical signals observed in HEMI’s price movement. The strategy is based on a combination of moving average crossovers and volume-based filters, designed to capture both early entries and exits in a volatile market. The approach involves identifying periods where HEMI’s price breaks below key support levels and volume surges, as these conditions are often precursors to sharp declines. The strategy was applied to historical HEMI price data to determine its efficacy in managing exposure during prior bearish phases. Given the recent sharp declines, this strategy could offer insight into how similar setups played out in the past and whether adjustments to entry and exit triggers could have mitigated some of the recent losses.