Market Overview for Hifi Finance/Tether USDt (HIFIUSDT) as of 2025-09-10

• HIFIUSDT surged 168% in 24 hours, closing at 0.0909 after opening at 0.0562.
• Price broke out above key resistance levels with sustained bullish momentum via RSI and MACD.
• Volatility expanded as price moved from 0.0561 to 0.1143, with Bollinger Bands widening sharply.
• Notional turnover hit $1.15B, with strong confirmation between price and volume trends.
• A bullish engulfing pattern formed around 0.0705, confirming a reversal from earlier bearish pressure.

The Hifi Finance/Tether USDt (HIFIUSDT) pair opened at 0.0562 on 2025-09-09 12:00 ET and closed at 0.0909 by 2025-09-10 12:00 ET, with a high of 0.1143 and a low of 0.0561. Total volume traded over 24 hours was 361,073,499.04, and notional turnover amounted to approximately $11,665,342.87. The price surged on strong volume and momentum following a powerful bullish breakout.

Structure & Formations

Price action began with a strong bearish bias in early morning hours, forming several bearish inside bars and a key low of 0.0561. However, a sharp reversal emerged around 05:15 ET, where a bullish engulfing pattern opened the door for a strong upward move. This was followed by a breakout above a multi-hour resistance at 0.0645 and a key swing high at 0.0824. By the end of the day, HIFIUSDT closed just below a potential Fibonacci 61.8% retracement level of the prior bearish leg. A strong support level appears to form around 0.0705, where the first major bullish engulfing pattern emerged. This level may act as a key reference for further support or potential retests.

Moving Averages

The 15-minute chart shows a clear separation with the 20SMA and 50SMA diverging significantly to the upside, reinforcing the bullish bias. Over the daily timeframe, the 50DMA has crossed above the 100DMA, forming a golden cross that may signal a longer-term bullish trend. The 200DMA remains well below the current price, but the gap is narrowing as momentum accelerates.

MACD & RSI

MACD turned bullish at 05:15 ET and has remained positive, with the histogram expanding on the 15-minute chart. RSI is currently at 63, indicating strong bullish momentum but not yet overbought. The RSI has shown a steady climb since 07:00 ET and appears to be trending with price, suggesting ongoing conviction. Divergence is not evident at this time, with both momentum and price moving in unison.

Bollinger Bands

Bollinger Bands expanded significantly as price surged from 0.0561 to 0.1143, with the upper band reaching 0.1143 at the high. Price remains above the middle band and is approaching the upper band once more, suggesting elevated volatility and potential overextension. A contraction is expected soon, which could signal a temporary pause or a pullback toward the middle band.

Volume & Turnover

Trading volume spiked during the sharp rally in early hours, particularly around 05:15–06:00 ET. Notional turnover also increased sharply, aligning with the price move. The most recent 15-minute bar at 12:00 ET shows strong volume of $11,665,342.87, confirming the strength of the move. No significant divergences were observed between price and turnover, suggesting broad market participation.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart include a 61.8% retracement at ~0.0933, which is close to the current price. On the daily chart, the 61.8% retracement of the prior bearish leg appears to be forming around 0.0909–0.0955. This level may act as resistance in the near term. If the rally continues, the next Fibonacci level at 0.1143 may reappear as a psychological target.

Backtest Hypothesis

A potential backtest strategy involves entering long positions on a bullish engulfing pattern confirmed by a close above 0.0705 and a 20SMA crossover above 50SMA. Stops could be placed below the most recent swing low, while targets align with the 61.8% Fibonacci level and the upper Bollinger Band. The RSI and MACD should remain above neutral levels to maintain momentum. This setup was validated on 2025-09-10 and could be used to test performance over similar market conditions in the past.