Market Overview: Heima (HEIUSDT) Under Pressure Amid Rising Bearish Momentum

• Heima (HEIUSDT) dropped to 0.4457, a new 24-hour low, amid increasing bearish momentum and high volume.
• A strong bearish divergence appears in RSI and MACD, suggesting potential for further downward movement.
• Volatility spiked after 14:45 ET, with price breaking below key support near 0.4600.
• Bollinger Band contraction in the morning gave way to a sharp expansion and breakdown.
• Volume surged during the selloff but failed to confirm any short-term support level.

Heima (HEIUSDT) opened at 0.4683 on 2025-08-24 12:00 ET, hit a high of 0.4804 and a low of 0.4457 before closing at 0.4475 at 12:00 ET on 2025-08-25. Total 24-hour volume was 3,773,449 and turnover stood at $1,726,424 (volume * price).

Structure & Formations

Heima (HEIUSDT) formed a key breakdown below 0.4600 in the late afternoon session, following a failed test of that level earlier in the day. The move was accompanied by a long bearish candle at 0.4517 with a high of 0.4598—suggesting bear dominance. A potential support zone appears to form near 0.4457, but it may not hold given the depth of the selloff. On the 15-minute chart, a dark cloud cover pattern at 0.4600 signaled a shift in momentum.

Moving Averages

At the 15-minute level, price has remained below both the 20-period and 50-period moving averages, indicating bearish control. The daily 50-EMA is at 0.4650, while the 200-EMA sits at 0.4740. A move back above the 50-period MA may indicate a short-term bounce, but the 200-period MA remains a strong bearish barrier.

MACD & RSI

The RSI has entered oversold territory at 30, suggesting potential for a near-term rebound. However, the MACD has shown a bearish crossover and remains in negative territory, indicating ongoing bearish pressure. A divergence appears as price makes lower lows while RSI does not decline proportionally—this may signal further bearish follow-through.

Bollinger Bands

Bollinger Bands tightened in the morning before the selloff, indicating a potential breakout. Price then fell below the lower band at 0.4500, confirming increased volatility. The current reading sits near the lower band again, suggesting a high probability of continuation of the downtrend unless buyers step in to close the gap.

Volume & Turnover

Volume surged during the selloff from 0.4598 to 0.4457, peaking at $253,888. This suggests significant participation in the bearish move, particularly in the late afternoon and early evening hours. However, turnover failed to confirm strong support near 0.4500, raising concerns about the sustainability of a rebound. Divergence between price and turnover is observed as price declined but turnover increased, indicating bearish conviction.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level at 0.4600 failed to hold, confirming bearish bias. On the daily chart, the 38.2% retracement at 0.4650 has also been tested and failed. A move below the 0.4457 low would extend the correction to the 61.8% level of the recent rally, potentially opening the door to 0.4300.

Heima (HEIUSDT) may continue to test new intraday lows in the short term, with the next support level at 0.4300. A bullish reversal could occur if price closes above 0.4600 with increasing volume, but the risk of further downside remains high. Investors should watch for confirmation on key levels to assess short-term direction.