Market Overview: Hifi Finance (HIFIUSDT) – Volatility Expands, Short-Term Downtrend Capped

• Hifi Finance fell to a 24-hour low of $0.0906 before stabilizing around $0.0918.
• A strong bearish candle on the 15-minute chart confirmed downward momentum.
• Volume surged during the selloff, while RSI hit oversold territory late in the day.
• Bollinger Bands contracted mid-day, signaling potential volatility expansion.
• A bullish engulfing pattern emerged near the 0.0914–0.0916 support zone.

Market Overview

Hifi Finance (HIFIUSDT) opened at $0.0951 on 2025-08-24 12:00 ET, peaked at $0.0970, and closed at $0.0918 as of 12:00 ET on 2025-08-25. Total volume for the 24-hour period was 6,702,227.3, and notional turnover reached $623,548.6, reflecting heightened activity during key price swings.

Structure & Formations

Price broke below a key 0.0932–0.0953 consolidation range, forming a bearish continuation pattern. A bullish engulfing pattern emerged near the 0.0914–0.0916 support zone, suggesting potential short-term reversal. A large bearish candle on the 15-minute chart at 08:15–08:30 ET confirmed the breakdown.

Moving Averages

On the 15-minute chart, price closed below both the 20 (0.0921) and 50 (0.0925) EMA lines. Daily 50 EMA (0.0943) acted as a key resistance, while 200 EMA (0.0939) offered limited support. Price remains underpinned by the 100 EMA at 0.0940.

MACD & RSI

The MACD crossed below zero, signaling bearish momentum, while the histogram diverged negatively from price. RSI dropped into oversold territory (28) near the 0.0906 low but failed to generate a strong rebound, suggesting bearish exhaustion may still be limited.

Bollinger Bands

Bollinger Bands tightened mid-day between 0.0930 and 0.0950, signaling a potential breakout. Price broke below the lower band at 0.0906 before retracting into the channel, indicating renewed volatility and a shift toward bearish bias.

Volume & Turnover

Volume spiked during the breakdown below 0.0932, with the largest 15-minute volume occurring at 08:15–08:30 ET (377,313.3). Turnover during that period reached $34,758.6, confirming the bearish sentiment. Divergence between volume and price near the 0.0914–0.0916 zone suggests potential consolidation ahead.

Fibonacci Retracements

On the 15-minute swing from 0.0970 to 0.0906, the 61.8% Fibonacci level sits at $0.0928. Price is currently near the 38.2% retracement level (0.0925), which may offer temporary resistance or support in the near term.

Price may consolidate near the 0.0914–0.0916 support zone for the next 24 hours, but a sustained close above 0.0930 could signal a bearish rebound. Investors should remain cautious of further volatility and potential divergence between volume and price.