HEMI -785.34% in 1 Year Amid Sharp Price Correction

On SEP 26 2025, HEMI dropped by 503.6% within 24 hours to reach $5.31, HEMI dropped by 785.34% within 7 days, dropped by 785.34% within 1 month, and dropped by 785.34% within 1 year.

The recent performance of HEMI has drawn significant attention due to its extreme price correction. From its peak to the current level, the token has seen a dramatic decline across multiple timeframes. The 503.6% drop within a 24-hour period marked one of the sharpest corrections in recent memory. Over the past 7 days, the loss has stabilized at 785.34%, indicating that the rapid sell-off has continued at a consistent rate. The same percentage decline over 1 month and 1 year suggests a structural shift in sentiment, with no clear signs of a rebound.

The price action highlights a complete breakdown of previous support levels, with HEMI failing to maintain a psychological floor at $5.31. Traders and analysts are now evaluating whether this price point marks the bottom of the correction or if further downside is expected. The absence of significant trading volume during the decline suggests the move was not driven by a specific event or catalyst, making it difficult to attribute the fall to a single factor.

Backtest Hypothesis

Given the current price levels and historical behavior, a potential backtesting strategy has been proposed for evaluating entry and exit signals in a bear market environment. The strategy employs technical indicators to identify potential short-term trades amid the broader downtrend. Specifically, it uses a combination of moving averages and a Relative Strength Index (RSI) to detect overbought and oversold conditions. The hypothesis is that despite the overall bearish bias, there may be fleeting overbought conditions that can be exploited for short-term trades, provided proper risk management is in place.

The approach includes using a 20-period and 50-period Simple Moving Average (SMA) crossover to identify the general trend, while the RSI is used to spot potential turning points within the trend. Traders would enter short positions when the RSI indicates overbought conditions and the price is below the 50 SMA. Stop-loss and take-profit levels are defined using trailing stops or fixed percentage targets, depending on market volatility.