Hashflow (HFTUSDT) Market Overview: 24-Hour Technical Analysis

• Hashflow (HFTUSDT) declined 2.9% over 24 hours, closing near key support at 0.0801.
• Momentum weakened as RSI fell below 30, suggesting oversold conditions.
• Volume surged during the rally to 0.0895 on 24 August, but failed to confirm bullish follow-through.
• A bearish engulfing pattern emerged near the 0.0895 high, signaling potential continuation lower.
• Bollinger Bands tightened during the overnight session, hinting at an imminent breakout.

Hashflow (HFTUSDT) opened at 0.0857 on 24 August at 12:00 ET, reached a high of 0.0895, a low of 0.0794, and closed at 0.0808 on 25 August. Total volume for the 24-hour window was 34,685,124.4 and turnover was approximately $2,802,914. The price action has shown a bearish bias over the past day, with key support and resistance levels in play.

Structure & Formations

On the 15-minute chart, Hashflow formed a bearish engulfing pattern at 0.0895 on 24 August, signaling a potential reversal from the earlier intraday high. The price then tested key support levels, notably 0.0847 and 0.0801, with the latter acting as a temporary floor. A morning doji near 0.0847 highlighted indecision among traders during the early hours of 25 August, while a long lower shadow in the 05:15–05:30 ET window indicated selling pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward during the 24-hour window, with the price frequently below both. On the daily timeframe, the 50-period and 100-period moving averages are likely in bearish alignment, reinforcing the downward bias. The 200-period MA may provide a longer-term baseline near 0.0820–0.0830, though this is speculative without full daily data.

MACD & RSI

The MACD line turned bearish in the early part of the 24-hour period, with the signal line crossing below it. RSI dropped sharply during the afternoon, crossing below 30 and reaching as low as 26. This suggests oversold conditions, though a strong bearish move could extend the decline further. A rebound above the 0.0835 level may be needed to see a meaningful RSI bounce.

Bollinger Bands

Bollinger Bands contracted during the late-night to early-morning hours (01:00–06:00 ET), suggesting a potential consolidation phase before a breakout. Price action remained within the bands during the morning but dipped sharply below the lower band by late morning, confirming the bearish momentum. A rebound above the upper band would require a strong reversal.

Volume & Turnover

Volume spiked on 24 August during the 17:45–19:30 ET window as Hashflow rallied to 0.0895. However, this failed to result in a sustained bullish follow-through, indicating bearish divergence. The largest volume was recorded at 19:45 ET as the price retracted to 0.0874. Overnight volume declined sharply, but picked up again in the morning as sellers retook control, pushing the price lower.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24 August swing from 0.0847 to 0.0895, key levels include 38.2% at 0.0874, 50% at 0.0870, and 61.8% at 0.0866. The price failed to hold above any of these during the retracement phase and ultimately broke below the 0.0866 level. On the broader daily chart, the price appears to be approaching the 61.8% retracement level of the recent bearish move, which may offer short-term support.

Hashflow may find short-term support near 0.0801 in the next 24 hours, but without a strong reversal in sentiment or a bullish catalyst, the downtrend may persist. Traders should watch for a test of the 0.0835 level, where a rejection could offer a low-risk entry for a potential bounce. As always, a larger-than-expected volume spike or divergence in indicators could signal a shift in trend.