Market Overview for Hifi Finance/Tether USDt (HIFIUSDT)

• Price dropped sharply from 0.0799 to 0.0682 before rebounding
• Volatility spiked early with a 12.4% swing, followed by consolidation
• RSI hit oversold levels before partial recovery, indicating potential bounce
• Volume surged in early session but declined as price stabilized
• Bollinger Bands show moderate expansion and price near upper band at end

Hifi Finance/Tether USDt (HIFIUSDT) opened at 0.0799 on 2025-09-10 at 12:00 ET, reaching a 24-hour high of 0.0825 and a low of 0.0654, closing at 0.0738 as of 2025-09-11 at 12:00 ET. Total trading volume was 206,901,288.59, and notional turnover amounted to 14,782,719.99.

Structure & Formations

The price of HIFIUSDT formed a bearish engulfing pattern at the start of the 24-hour period, confirming a shift in sentiment from bullish to bearish. A key support level emerged around 0.0665 as the price bounced off this level twice before a stronger rebound later in the session. A doji pattern formed near 0.0746 at the end of the session, signaling indecision among traders and potential consolidation ahead. Resistance appears to be forming at the 0.076–0.077 level, which will likely be tested in the coming 24 hours.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period moving average early in the session, forming a bearish signal. However, by the close, the 20-period MA was beginning to cross back up, hinting at a potential short-term reversal. On the daily chart, the 50-period MA is above the 100 and 200-period MAs, suggesting a long-term bullish trend despite recent bearish pullback.

MACD & RSI

The MACD line crossed below the signal line mid-session, confirming bearish momentum. However, a late-session reversal saw the MACD bar shrink, suggesting a slowdown in the downward trend. The RSI hit a bottom of 28—deep into oversold territory—before rising back toward 50, indicating potential buying interest. A reversal from such a level could suggest short-term strength, but a break above 61.8 would be needed for a more bullish setup.

Bollinger Bands

Volatility expanded significantly in the first 4 hours of the session, driven by the sharp decline from 0.0799 to 0.0682. The price remained near the upper Bollinger Band in the final hours, suggesting a possible breakout attempt. A move above the upper band could confirm renewed bullish momentum, while a retest of the lower band may offer another buying opportunity if the price holds.

Volume & Turnover

Volume spiked to over 17 million in the 18:30–19:00 ET timeframe before declining steadily into the late session, which aligns with the price pullback. Notional turnover mirrored this pattern, peaking alongside the price low and declining as the price stabilized. A divergence between volume and price was not clearly present, but a strong volume bar at 0.0752 suggests a potential area of accumulation ahead of the final session hours.

Fibonacci Retracements

Applying Fibonacci retracements to the key 0.0654–0.0825 swing, 38.2% at 0.0738 aligned closely with the close of the session, indicating a possible point of consolidation. The 61.8% level at 0.0768 may serve as a near-term resistance level if buyers re-enter the market. On the daily chart, the 61.8% retracement of the larger swing is at 0.0795, which could become a key target for further gains if sentiment improves.

Backtest Hypothesis

A potential backtesting strategy for HIFIUSDT could involve a dual-crossover approach using the 20-period and 50-period moving averages on the 15-minute chart, combined with RSI divergence for entry confirmation. A long position would be initiated when the 20-period MA crosses above the 50-period MA and RSI shows bullish divergence from oversold levels, with a stop-loss placed below the nearest support level and a target aligned with the 38.2% or 61.8% Fibonacci retracement levels. This approach could be optimized with a trailing stop to lock in gains during a strong rebound.