In this Hifi Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for HIFI-USDT. Hifi Finance (HIFI) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. By leveraging smart contracts and decentralized governance, HIFI enables users to access credit, lending, and yield farming opportunities in a secure and transparent manner. With its innovative approach to DeFi, Hifi Finance is poised to revolutionize the way we think about financial services.
Hifi Finance Price Overview:
As of July 06, 2024, Hifi Finance is trading at approximately 0.3775 USDT. Let’s dive into the detailed price action for HIFI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3601 |
| High (H) | 0.3784 |
| Low (L) | 0.3557 |
| Close (C) | 0.3775 |
| Volume (C) | 1,716,242.40 |
- Open (O): The opening price for today’s trading session was approximately 0.3601 USDT.
- High (H): Hifi Finance reached a daily high of around 0.3784 USDT.
- Low (L): The daily low for HIFI-USDT was approximately 0.3557 USDT.
- Close (C): At the time of analysis, Hifi Finance is trading near its daily close of 0.3775 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.83% |
| 3D Change (%) | -15.60% |
| 7D Change (%) | -16.78% |
| 30D Change (%) | -52.79% |
| 90D Change (%) | -67.74% |
| YTD Change (%) | -48.70% |
Over the past three days, HIFIUSDT has dropped by approximately -15.60%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.78%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HIFIUSDT maintaining a downward trend of approximately -52.79%, despite intermittent fluctuations. Examining the last 90 days, HIFIUSDT has witnessed substantial drop of approximately -67.74%, reflecting strong long-term confidence. Year-to-date, HIFIUSDT has steadily declined by around -48.70%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Hifi Finance Live Chart:
You can access a live price chart for HIFI-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 0.89416.
- Momentum score is -0.39917.
HIFI USDT Technical Analysis
Hifi Finance Trading Volume:
The trading volume for Hifi Finance (HIFI) over the past 24 hours has been insignificant, with approximately 1,716,242.40 USDT traded against HIFI. 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): HIFI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Hifi Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HIFI-USDT is currently in the low zone, around 33.28685. This suggests that Hifi Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Hifi Finance (HIFI-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate challenges in realm of Hifi Finance (HIFIUSDT) at 3.78e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.
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.