Is $HIFI ready for a second takeoff? Or is it a false signal?
Short-term bearish signal analysis:
1. Selling pressure risk: The 24-hour trading volume exceeded 72 million USDT, but the trading volume has shown a significant decline (notably reduced from the peak), and the buying support is insufficient, making it difficult to maintain the upward trend.
2. Technical top divergence: After the price surged from 0.0957 to 0.1423, it has retreated, and the 15-minute moving averages are starting to flatten, showing signs of a potential top and correction. Beware of a “high pullback and holding trap.”
3. Platform risk: Previously, the delisting of HIFI on other platforms caused a short-term price drop of 14%. There is uncertainty regarding compliance and platform support, which can amplify volatility.
Therefore, K will also look for good entry opportunities to set up a long position in altcoins. The calls in the plaza have a bit of delay; if you want to keep up, call me!
