In this Hifi Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for HIFI-USDT. Here are three sentences about Hifi Finance (HIFI) cryptocurrency: Hifi Finance (HIFI) is a decentralized financial platform that leverages blockchain technology to provide transparent and secure financial services. It offers a range of products, including lending, borrowing, and trading, all of which are collateralized by HIFI tokens. By using smart contracts and decentralized governance, Hifi Finance aims to create a more equitable and accessible financial system for everyone.
Hifi Finance Price Overview:
As of October 02, 2023, Hifi Finance is trading at approximately 0.6852 USDT. Let’s dive into the detailed price action for HIFI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.7331 |
| High (H) | 0.7446 |
| Low (L) | 0.6757 |
| Close (C) | 0.6852 |
| Volume (C) | 9,452,716.20 |
- Open (O): The opening price for today’s trading session was approximately 0.7331 USDT.
- High (H): Hifi Finance reached a daily high of around 0.7446 USDT.
- Low (L): The daily low for HIFI-USDT was approximately 0.6757 USDT.
- Close (C): At the time of analysis, Hifi Finance is trading near its daily close of 0.6852 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -6.46% |
| 3D Change (%) | 3.63% |
| 7D Change (%) | -5.76% |
| 30D Change (%) | 37.81% |
| 90D Change (%) | 117.18% |
| YTD Change (%) | 30.41% |
Over the past three days, HIFIUSDT has increased by approximately 3.63%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -5.76%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HIFIUSDT maintaining an upward trend of approximately 37.81%, despite intermittent fluctuations. Examining the last 90 days, HIFIUSDT has witnessed substantial rise of approximately 117.18%, reflecting strong long-term confidence. Year-to-date, HIFIUSDT has steadily appreciated by around 30.41%, 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 2.99272.
- Momentum score is 0.37812.
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 9,452,716.20 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Hifi Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HIFI-USDT is currently in the neutral zone, around 51.13029. This suggests that Hifi Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Hifi Finance (HIFI-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 insignificant 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.
