Market Overview for Hifi Finance (HIFIUSDT)

• Hifi Finance (HIFIUSDT) declined 0.46% over 24 hours, closing near key support at $0.0865.
• Momentum weakened with RSI dipping below 40, suggesting short-term oversold conditions.
• Volatility expanded in the overnight session, with a large bearish candle signaling bear pressure.
• Volume surged during the price decline, confirming bearish conviction but lacking follow-through in the last 6 hours.
• A potential bullish reversal may form if price holds above $0.0863 and closes higher in the next 24 hours.

Hifi Finance (HIFIUSDT) opened at $0.0870 on 2025-07-16 12:00 ET and traded between $0.0887 (high) and $0.0852 (low) over the next 24 hours. It closed at $0.0865 on 2025-07-17 12:00 ET. Total volume reached 9.28 million HIFI, and notional turnover was approximately $807,000.

Structure & Formations

The price action showed a bearish breakdown from a 15-minute consolidation range, with key support identified at $0.0865 and resistance at $0.0883. A long bearish candle formed around 03:30 ET with a low of $0.0852, indicating strong bear pressure. A potential bullish reversal pattern could emerge if the price stabilizes above $0.0863, with a 61.8% Fibonacci retracement level at $0.0872 acting as a short-term target.

Moving Averages

On the 15-minute chart, the price closed below the 20-period and 50-period SMAs, reinforcing the bearish bias. Daily moving averages (50, 100, 200) are not provided, but the 15-minute dynamics suggest a continuation of the downward trend unless a strong reversal occurs in the next 24 hours.

Momentum & Relative Strength

The RSI dropped below 40 during the overnight session, indicating oversold conditions, but failed to generate a bullish divergence. MACD remained negative, with the line dipping below the signal line, suggesting continued bearish momentum.

Volatility and Bollinger Bands

Volatility expanded during the bearish breakdown, with the price hitting the lower Bollinger Band at $0.0852. The bands have since widened, indicating increased uncertainty and potential for a bounce or further decline.

Volume and Turnover

Volume spiked during the price decline, especially between 23:00 ET and 03:30 ET, confirming bearish conviction. However, volume has since decreased in the last 6 hours, suggesting a potential pause in the downward move. Notional turnover followed a similar pattern, with a peak near $0.0865 and a recent drop in activity.

Hifi Finance may find a short-term floor around $0.0863 and could attempt a recovery if a bullish reversal forms. However, investors should remain cautious as a break below $0.0863 could trigger further downside.