HEMI -5061.08% in 1 Year as Technical Indicators Show Deep Bearish Trends

On OCT 13 2025, HEMI dropped by 308.22% within 24 hours to reach $2.83, HEMI dropped by 3568.18% within 7 days, dropped by 2762.15% within 1 month, and dropped by 5061.08% within 1 year.

HEMI’s recent performance has sparked heightened scrutiny among technical analysts, who have identified a series of bearish patterns and divergences. Over the past month, the asset has formed multiple lower highs and lower lows, consistent with a classic downtrend. Price action has failed to close above key resistance levels that previously acted as support, indicating a loss of buyer momentum. Additionally, the RSI has remained below 30 for an extended period, signaling oversold conditions that have not yet led to a reversal, reinforcing the depth of the bearish phase.

Further analysis highlights the deterioration of sentiment through volume distribution. While volume has not been disclosed, the sustained price depreciation has occurred without notable short-term volatility, implying a lack of significant market intervention or accumulation by large holders. On a longer time horizon, the 200-day moving average has acted as a dynamic ceiling, with price failing to cross above it for the past 90 days. This aligns with a broader bear market structure and suggests that institutional selling or lack of demand is the driving factor behind the prolonged decline.

Backtest Hypothesis

A technical backtesting strategy has been outlined based on the indicators currently observed in HEMI’s price structure. The hypothesis focuses on identifying sell signals through the convergence of RSI divergence, trendline breakdowns, and moving average crossovers. Specifically, the strategy triggers a short position when the RSI fails to rise on a higher price, while the 50-day and 200-day moving averages remain in a death cross configuration. Stop-loss levels are set above key resistance points identified through swing high analysis, while take-profit targets are based on a measured move from recent swing lows.