🚨 $HIFI /USDT Breakout in Progress — Is the Downtrend Fina
CryptoPotato
Updated at: 10 hours ago
{"content":"🚨 $HIFI /USDT Breakout in Progress — Is the Downtrend Finally Over?
🕐 Timeframe: 1D | 📈 Current Price: $0.1085 | 📈 Change: +20.42%
🧠 Technical Insight
After months of brutal decline, HIFI has shown signs of life with a strong green daily candle, pushing above both the 7-day and 25-day moving averages for the first time in weeks. This is a potential trend reversal signal from a severely oversold region.
✅ MA7 crossed MA25 from below — early bullish momentum
✅ Strong volume on breakout candle
✅ Long base built at ~$0.08 suggests strong accumulation
🛡️ Currently trading below the 99 MA ($0.1640), which will act as the next resistance
🎯 Target Levels Ahead
1️⃣ Target 1: $0.1450
Previous mini support in April
Just below 99-day MA (watch this level closely)
2️⃣ Target 2: $0.2100
Major resistance from March breakdown
Likely to be the “profit-taking” zone for early bulls
3️⃣ Target 3: $0.3000 - $0.3400
Clean horizontal resistance from October 2023
Full recovery leg if trend flips bullish mid-term
🛑 Suggested Stop-Loss:
Below $0.085 (last consolidation zone)
Tighter: $0.095 (just below current breakout range)
🧨 Conclusion:
This breakout has the early structure of a trend reversal. HIFI’s extended downtrend might be coming to an end, especially if volume continues and it reclaims the $0.145 level. One good candle doesn't confirm a bull market, but this is how they start.
Stay sharp, bulls might just be tuning up for a comeback.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/24/54882d2cb3254a5b977573d7b2c826eb.png"],"tags":[],"tradingPairs":["HIFI/USDT"],"quotearticleid":0}