HOT +234.54% in 24 Hours Amid Strong Short-Term Gains

On SEP 8 2025, HOT rose by 234.54% within 24 hours to reach $0.00096, a sharp reversal in fortunes for the asset that has seen a 158.73% increase over the past week and a 267.38% rise over the last month. This dramatic upward movement follows a period of relative stagnation and marks a significant turnaround in sentiment. Analysts project that the recent momentum could consolidate gains as key resistance levels appear to be holding, suggesting that the current rally may have more room to run if buying pressure continues.

HOT has been the focus of renewed investor attention due to its performance over the past month. While the asset has seen a massive surge in the short term, its annual performance remains deeply negative, having fallen by 5860.28% over the past year. This stark contrast between short-term and long-term trends highlights the speculative nature of the current rally. The recent gains are being attributed to a combination of renewed speculative interest and algorithmic trading activity, though definitive causes remain unclear from the available data.

The price action has also drawn attention from technical analysts, who note that HOT is currently trading above several key moving averages, including the 20-day and 50-day averages. This positioning has reinforced bullish sentiment among traders using chart-based strategies. The RSI is currently reading above the overbought threshold, indicating that the asset may be overextended. However, this has not deterred buyers from entering the market, with the MACD showing a positive crossover that further supports the case for a continuation of the upward trend.

Backtest Hypothesis

Given the recent technical conditions—particularly the positive MACD crossover and the price above key moving averages—some traders may be considering a backtesting strategy focused on confirming the validity of these signals in past market environments. A proposed backtesting approach would involve identifying historical instances where HOT or a similar asset showed a similar set of technical indicators and measuring the performance of a simulated buy-and-hold strategy over the subsequent 30 days. This would allow traders to assess the predictive power of the current technical setup. If the backtest reveals consistent positive outcomes, it could reinforce the case for maintaining or increasing exposure to HOT in the near term.