Market Overview for Hifi Finance/Tether (HIFIUSDT)

• Price surged from $0.4549 to $0.6487 before consolidating.
• Volatility spiked midday, with volume peaking at 6.9M USD.
• RSI hit overbought levels, suggesting possible pullback.
• Bollinger Bands expanded during breakouts, signaling high activity.
• Downturn after 9:00 PM saw volume waning, signaling weaker conviction.

Hifi Finance/Tether (HIFIUSDT) opened at $0.4549 on 2025-09-13 12:00 ET and closed at $0.5449 by 12:00 ET the next day, with a high of $0.6487 and a low of $0.4283. The pair traded on a total volume of 219.6 million USD and notional turnover of $117.3 million over the 24-hour period.

Structure & Formations

The 15-minute chart displayed a series of bullish breakouts starting at 8:30 PM, with a decisive break above the 0.5978 resistance level. This was followed by a strong continuation up to $0.6487. However, the price experienced a pullback after 9:00 PM, forming a bearish engulfing pattern around 0.6417, which may signal a short-term reversal. Key support levels were observed at $0.5416 and $0.5283, with resistance levels at $0.5679 and $0.6016.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover during the afternoon, supporting the upward trend. On the daily chart, the 50-period MA crossed above the 100-period MA, reinforcing the momentum. The price remained above the 200-period MA throughout the session, indicating a healthy uptrend.

MACD & RSI

The MACD histogram turned positive in the early evening, confirming the bullish momentum. The RSI reached overbought territory at 78 during the late evening, suggesting a potential consolidation or pullback. However, the divergence between price and RSI at the end of the session was moderate, not signaling an imminent bearish reversal.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout at 8:30 PM, with the price moving above the upper band at 0.6389. This expansion indicated increased volatility and conviction in the move higher. By the end of the session, the price had consolidated within the bands, with the lower band sitting at $0.5416, indicating that further support could emerge if the price retraces.

Volume & Turnover

Volume surged during the key breakout at 8:30 PM, peaking at 6.9 million USD in that 15-minute interval. The total notional turnover of $117.3 million aligned with the price action, confirming the strength of the move higher. However, volume waned in the last two hours of the session, suggesting weaker conviction in the bullish trend and raising the possibility of a near-term correction.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute chart showed key retracement levels at 0.5679 (61.8%) and 0.5416 (38.2%), both of which held as support during the consolidation phase. On the daily chart, the 0.5283 level aligned with the 61.8% retracement of the recent downtrend, reinforcing its significance as a potential support zone.

Backtest Hypothesis

A potential backtesting strategy could leverage the identified Fibonacci levels and the Bollinger Band breakouts seen during the session. A long entry could be triggered on a bullish breakout above the upper Bollinger Band, with a stop loss placed just below the 38.2% retracement level (0.5416) and a take-profit at 61.8% (0.5679) or higher. This approach would align with the momentum-driven move seen in the late evening and could be further refined by incorporating MACD divergence signals to time entries more precisely.