HIFI price coils tightly below a key trendline, signaling increased bullish momentum as traders await a confirmed daily close above $0.0915.
Strong support between $0.0664 and $0.0905 has held firm, showing sellers’ weakness and growing buyer confidence in recent weeks.
A breakout above $0.0915 may trigger a strong rally toward resistance levels at $0.1539, $0.2132, and potentially $0.3556.
Hifi Finance (HIFI) is flashing bullish signals as it presses against a key downtrend line. The price currently trades around $0.09341, marking a 9.81% 24-hour gain. With volume surging and structure tightening, the chart hints at a breakout. A confirmed close above $0.0915 may shift momentum entirely, setting the stage for an explosive monitoring rally.
In a recent post, Crypto Candy stated, “$HIFI looks good while Monitoring flying. Breaking out on daily timeframe. Gonna join monitoring rally. Load some and hold.” This tweet came just as HIFI’s technical setup began attracting serious attention from market watchers
https://twitter.com/cryptocandy24x/status/1948620832949067984
Price Compression Signals a Breakout Setup
The HIFI/USDT daily chart has printed a clean wedge structure. Price action has been squeezing beneath a descending trendline since May. This compression reflects waning volatility and building pressure, a common prelude to sharp directional moves.
Moreover, the range has tightened as buyers continue defending the $0.0664 to $0.0905 zone. Sellers appear to be fading as buyers gain control. Hence, the odds now favor an imminent breakout from the pattern.
A confirmed close above $0.0915 will flip sentiment and validate the breakout, pushing momentum into full swing.
Monitoring Rally Phase Activates
HIFI’s current behavior suggests it has entered a “monitoring rally” phase. This is where smart money starts accumulating before confirmation. Consequently, it becomes a high-reward setup for those willing to enter slightly early.
Besides, the technical foundation supports the bullish outlook. The price has held above strong support and now teases trendline resistance. Momentum is brewing beneath the surface, with bulls preparing to take charge.
Additionally, the steady volume increase indicates growing interest. Traders are watching closely for the breakout trigger.
Upside Targets Suggest Strong Potential
If HIFI clears $0.0915, key targets lie ahead. The initial level sits at $0.1539, a previous consolidation zone. Further levels include $0.2132 and $0.2712.
Moreover, the final upside target reaches $0.3556 — the last major ceiling before the May crash. Each resistance level offers significant potential returns.
In summary, HIFI’s technical posture looks promising. With trendline pressure and buyer strength aligning, the conditions now favor a bullish breakout. This may be the moment to load and hold.
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