Crypto Circle Sharp Commentary: $HIFI Consolidating at the Bottom, Beware of Liquidity Risks and Selling Pressure
Currently, HIFI coin continues a narrow range oscillation market, with prices fluctuating in the 0.134-0.135 USDT range. The 24-hour trading volume is approximately 12 million USDT, a decrease of 15% compared to yesterday, with a turnover rate of 10.6%. Major exchanges like Binance and MEXC contribute over 70% of the trading volume, while the liquidity of small and medium-sized exchanges is nearing exhaustion.
The 4-hour K-line for HIFI coin shows that the MACD histogram remains negative and is gradually lengthening. The KDJ indicator is neutral but lacks a golden cross signal. The price failed to break through the 0.145 USDT resistance level and is testing the historical support level at 0.103 USDT. In the past 7 days, it has increased by 22.72%, but trading volume has not expanded, and the rebound lacks sustainability, with short-term bearish forces still dominant.
The top ten addresses hold over 45% of the supply, with exchange wallets accounting for 28%, indicating a high potential selling pressure risk. Despite the recent increase of 4.5 million HIFI by the South Korean exchange Upbit, it has not changed the downward price trend. The current circulating market value is 13 million USDT; if it falls below 10 million USDT, it may trigger institutional support actions.
Attention should be paid to three major variables:
The continuous capital influx into cryptocurrency ETFs may drive HIFI to catch up, but beware of the risk of whales going long after shorting heavily.
A volume breakthrough of the 0.145 USDT resistance level may trigger a technical rebound to 0.17 USDT, but be cautious of the “false breakout” trap.
Details of the lock-up proposal for additional Hifiv3 token issuance, updates on the official website, and case studies for the RWA framework implementation.
Monitor the progress of Binance's removal of the “Observation Tag” and case studies for expanding collateral types in the RWA track;
Beware of the delisting risks on Upbit/Bithumb exchanges, avoid leveraged trading. Hyperliquid platform has a long position profit-loss ratio of 1:0.25 and a short position profit-loss ratio of 1:-0.21, so position control should be exercised cautiously.
Layout potential coins, open to the public, and welcome communication.
