Hashflow (HFT) has grown significantly following the announcement of support for DEX Token deposits on the Solana network from Binance, creating a big highlight in cryptocurrency trading in recent days.
MAIN CONTENT
Binance announcement spurs 25x increase in HFT trading volume, reaching nearly $97 million per day.
Hashflow has broken above a key resistance level, establishing a strong bullish market structure.
Although the RSI is in the overbought zone, momentum is still intact, investors should wait for a response to the demand zone to safely enter orders.
Why does Hashflow keep increasing in price?
The hot money flowing into HFT comes from Binance supporting DEX Token deposits on the Solana network. This event boosted liquidity 25 times higher than average, reaching $97 million/day according to the latest update.
According to Changpeng Zhao, CEO of Binance, “The integration of HFT on the Solana network not only helps diversify products but also opens up more efficient trading opportunities for users.” The event increased demand and trust in this Token, pushing the price of Hashflow up 176% in just a few days.
Binance's support on Solana demonstrates Hashflow's scalability and increased accessibility, solidifying the project's position in the DeFi ecosystem.
– Changpeng Zhao, CEO Binance, 28/06/2025
Is Hashflow Overheating?
HFT has broken above the previous low, surpassing the resistance around $0.094, just below the psychological threshold of $0.1, signaling a strong bullish market structure. This is an important technical sign, helping to confirm that the uptrend is not over.
However, according to technical analyst TinTucBitcoin, the $0.1 price zone is now a large demand area, and Hashflow is likely to have a strong bullish reaction if there is an adjustment.
A reasonable price gap is also left in the $0.075-0.11 range, which is often an attractive point for cash flow to return, creating opportunities for investors to continue buying after corrections.
Is Hashflow's Uptrend Sustainable?
Although the RSI is at 86, in overbought territory, this does not mean that the price will immediately correct. The volume confirmed by the OBV index hitting a 2-year high shows that strong buying pressure has not decreased.
According to analysts, the accumulation cycle since April this year has been clearly broken thanks to the recent uptrend. However, short-term investors may start to take profits, so there is a possibility of technical corrections before the uptrend continues.
Market momentum is still positive, but investors should patiently wait for support zones to minimize risks when participating.
– TinTucBitcoin, Cryptocurrency Technical Analysis, 07/07/2025
How should investors act on HFT now?
Rushing into long positions when HFT is in overbought territory is risky. Experienced traders recommend waiting for the price to retrace to demand zones around $0.1 or $0.075-0.11 to confirm demand strength before opening long positions.
Frequently Asked Questions
What did Binance do to boost Hashflow? Binance announced support for HFT Token deposits on the Solana network, increasing trading capacity and liquidity.
How is Hashflow doing now? Since June 28, HFT has increased in price by about 176% thanks to large inflows and strong market momentum.
What does RSI overbought mean? RSI 86 shows that the price is in the overbought zone, a technical correction may be coming soon but a price drop is not certain immediately.
Where is the current support zone for HFT? The key support zone around the price range of $0.1 and $0.075-0.11 is expected to act as strong demand.
What should investors do during this period? They should patiently wait for the price to adjust to the demand zone to enter orders safely, avoiding risks when the market is volatile.
Source: https://tintucbitcoin.com/hashflow-tang-175-gia-can-theo-doi/
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