In this Hashflow technical analysis, we will examine the current price action, trading volume, key levels and indicators for HFT-USDT. Hashflow (HFT) is a cryptocurrency that utilizes a novel consensus algorithm called “Proof of Hashpower” to secure its network and validate transactions. This algorithm rewards miners based on their computational power, rather than the amount of hashpower they possess. As a result, Hashflow’s consensus mechanism is more energy-efficient and accessible to a wider range of participants compared to traditional proof-of-work algorithms.
Hashflow Price Overview:
As of October 02, 2023, Hashflow is trading at approximately 0.3314 USDT. Let’s dive into the detailed price action for HFT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.352 |
| High (H) | 0.3536 |
| Low (L) | 0.328 |
| Close (C) | 0.3314 |
| Volume (C) | 4,826,315.70 |
- Open (O): The opening price for today’s trading session was approximately 0.352 USDT.
- High (H): Hashflow reached a daily high of around 0.3536 USDT.
- Low (L): The daily low for HFT-USDT was approximately 0.328 USDT.
- Close (C): At the time of analysis, Hashflow is trading near its daily close of 0.3314 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.93% |
| 3D Change (%) | -0.84% |
| 7D Change (%) | 8.48% |
| 30D Change (%) | -3.01% |
| 90D Change (%) | -14.32% |
| YTD Change (%) | 16.65% |
Over the past three days, HFTUSDT has fallen by approximately -0.84%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 8.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HFTUSDT maintaining a downward trend of approximately -3.01%, despite intermittent fluctuations. Examining the last 90 days, HFTUSDT has witnessed substantial decrease of approximately -14.32%, reflecting strong long-term confidence. Year-to-date, HFTUSDT has steadily appreciated by around 16.65%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Hashflow Live Chart:
You can access a live price chart for HFT-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.63194.
- Momentum score is -0.03014.
HFT USDT Technical Analysis
Hashflow Trading Volume:
The trading volume for Hashflow (HFT) over the past 24 hours has been significant, with approximately 4,826,315.70 USDT traded against HFT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): HFT is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Hashflow is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HFT-USDT is currently in the neutral zone, around 49.52402. This suggests that Hashflow is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Hashflow (HFT-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
