Market Overview: Hifi Finance/Tether (HIFIUSDT) – 24-Hour Breakdown

• HIFIUSDT declined sharply from $0.5694 to $0.2343, with a 24-hour low of $0.1843, signaling strong bearish momentum.
• RSI and MACD indicate extreme oversold conditions, with RSI below 20 and MACD in bearish crossover.
• Volume surged near $0.2343 with divergence in price and turnover, hinting at potential support testing.
• Bollinger Bands show tight compression at $0.2343 before a sharp break below, suggesting volatility is likely to expand.
• A key Fibonacci retracement level at $0.26 may offer temporary resistance on a bounce.

Hifi Finance/Tether (HIFIUSDT) opened at $0.5681 on 2025-09-14 at 12:00 ET, and closed at $0.2343 by 2025-09-15 at 12:00 ET, with a 24-hour high of $0.5694 and a low of $0.1843. Total volume amounted to 297,661,499.9 units, and notional turnover reached $53.7 million over the past 24 hours.

Structure & Formations

The price of HIFIUSDT saw a decisive breakdown from $0.35 to $0.1843, with key support levels forming around $0.2343 and $0.1843. A long-legged bearish candle on the 15-minute chart at $0.2343 signals exhaustion of short-term sellers. A potential bullish engulfing pattern could form around $0.2343 if buyers reclaim the level, but for now, the formation appears to be a rejection of that area. A doji at $0.2343 also indicates indecision, which may precede a reversal or a continuation depending on follow-through volume.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both trending lower, with the 50 SMA currently at $0.245 and the 20 SMA at $0.25. The price remains below both, confirming bearish bias. On the daily chart, the 50/100/200 SMAs are also in a descending order, reinforcing the downtrend.

MACD & RSI

The RSI is in extreme oversold territory, currently below 20, suggesting the potential for a short-term bounce. However, without a meaningful reversal in price and volume, a bearish continuation is more likely. The MACD line is below the signal line, with both lines trending downward, indicating a strong bearish momentum. A bearish crossover on the MACD has been in place since the early evening session of 2025-09-14.

Bollinger Bands

Bollinger Bands have seen a significant contraction around $0.2343 before a sharp break to the downside. Price is currently below the lower band at $0.19, indicating heightened volatility and a strong bearish move. A retest of the lower band or a break above the 20-period SMA may signal a potential short-term reversal, but the broader trend remains intact.

Volume & Turnover

Volume spiked sharply around $0.2343, with a significant portion of the 24-hour volume concentrated in the final hours of the 15-minute chart. Notional turnover mirrored this, with a high of $1.4 million in the $0.2343 to $0.2203 range. Divergence is noted between price and turnover in the $0.25–$0.2343 range, where price continues to fall despite a slowdown in turnover, potentially signaling weakening bearish conviction.

Fibonacci Retracements

Fibonacci retracement levels have become a key reference, with the 38.2% level at $0.31 and the 61.8% at $0.26 potentially offering short-term resistance on any bounce. A break above $0.26 could lead to a test of the $0.34–$0.35 range, but this appears unlikely unless volume confirms a reversal.

HIFIUSDT appears poised for further downside in the near term, with $0.1843 a likely target before a potential bounce. A strong rejection of this level may spark a short-covering rally. Traders should be cautious of increased volatility and divergence in the $0.25–$0.2343 range, as this may indicate an overextended bearish move.

Backtest Hypothesis

The backtesting strategy focuses on using RSI and MACD divergence as a signal for potential reversals, combined with key Fibonacci and Bollinger Band levels. In the case of HIFIUSDT, the RSI hitting extreme oversold conditions and the MACD showing a bearish crossover suggest a potential short-term bounce is possible. However, the divergence between price and turnover in the $0.25–$0.2343 range indicates weakening bearish conviction. A long entry could be considered if price reclaims $0.2343 with a bullish close, supported by increasing volume. A stop-loss below $0.1949 would protect against further downside. The 38.2% Fibonacci level at $0.31 offers a clear price target for the first wave of a potential rebound.