Market Overview for Hifi Finance/Tether (HIFIUSDT) on 2025-09-16

• HIFIUSDT dropped from 0.1706 to 0.1191 over 24 hours, with a 23.5% decline.
• Volatility spiked overnight as price fell below 0.15, reaching 0.1256 in early ET.
• RSI hit oversold levels and MACD crossed bearish, suggesting momentum could persist.
• Volume surged in the final 6 hours, coinciding with the sharp decline.
• Price remains below key moving averages, with no clear support near 0.12.

HIFIUSDT opened at 0.1706 on 2025-09-15 at 12:00 ET, peaked at 0.1796, and closed at 0.1191 as of 2025-09-16 12:00 ET. Total 24-hour volume reached 81,461,284.89999998, with a turnover of approximately 12,934,742.51 (amount × price). The pair has been in a bearish phase, with a significant breakdown observed after 0.15.

Structure & Formations

Price formed a descending channel from 0.1796 to 0.1256 over 12 hours, with several bearish engulfing patterns confirming the downtrend. A key support level appears forming around 0.145–0.15, but it was decisively broken in the early morning hours. The session ended with a long lower wick at 0.1296, suggesting some short-term buying interest, though it was not strong enough to reverse the trend. A doji formed briefly near 0.1484, indicating indecision around 0.15 but failed to trigger a rebound.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart remain bearish, with price well below both. On the daily chart, HIFIUSDT is far below the 50, 100, and 200-period MAs, reinforcing the medium-term bearish bias. A cross above the 50-period line on the daily chart is unlikely without a strong reversal pattern forming.

MACD & RSI

The MACD turned negative sharply in the last 6 hours of the session, confirming the breakdown. RSI has fallen into oversold territory (below 30) but has not shown a convincing bounce. This may indicate further downside is possible unless buyers step in above 0.125–0.130.

Bollinger Bands

Volatility expanded significantly between 0.1468 and 0.1796, with price closing near the lower band at 0.1191. This suggests increased selling pressure. A retest of the upper band is unlikely unless a reversal pattern forms near 0.130–0.135. The narrow contraction before the expansion hinted at potential for a breakout, but the direction turned bearish.

Volume & Turnover

Volume surged in the final hours of the session, particularly between 10:15 and 16:00 ET, coinciding with the sharp sell-off from 0.1537 to 0.1191. Notional turnover also spiked as price dropped past 0.13, indicating increased participation from short-sellers or algorithmic sell orders. The volume and turnover divergence suggests strong bearish conviction.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute high of 0.1796 and the low of 0.1468, key support levels at 0.1635 (38.2%), 0.1592 (50%), and 0.1549 (61.8%) were tested but failed. On the daily chart, a key retest of the 0.132 (38.2%) and 0.125 (61.8%) levels is expected, with the 0.125 level likely to be a significant psychological barrier.

Backtest Hypothesis

A potential backtesting strategy could focus on detecting a “bearish engulfing” pattern occurring at or near key Fibonacci support levels (38.2–61.8%) combined with RSI entering oversold territory. A trade could be triggered if price closes below the pattern’s low and MACD remains negative, with a stop-loss placed above the pattern high. This aligns with the observed price behavior in the final 6 hours of the session, where such conditions were met, and the move continued lower. The strategy would aim to capture short-term bearish momentum in a declining trend.