$HIFI 🚀🔥 Hifi Finance (HIFI) Faces Big Sellers at Market: Downside Momentum Strengthens 📉⚠️

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🦑🦑Hifi Finance (HIFI) is under sustained pressure as large sellers dominate market flows, driving a steady decline over recent sessions 🌪️🎯. After failing to hold support near $0.82, HIFI has continued trending lower, forming consistent lower highs that highlight the strength of bearish sentiment 🪓🍂. On-chain data confirms that whale addresses have been offloading positions, with distribution accelerating over the past ten days 🐍🧊.

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🐢🐢Momentum indicators remain firmly negative. The Relative Strength Index (RSI) has fallen below 35, reflecting sustained selling pressure 📉🎭. Meanwhile, the MACD histogram has deepened in the red, and moving averages are aligning in a bearish configuration across the daily timeframe 🧭⚡. Trading volume has surged on red candles, further confirming that sellers are overwhelming buyers at each attempt to bounce 🪁🍋. In the derivatives market, funding rates have turned negative, and open interest continues to rise, signaling that traders are bracing for additional declines 🌵🎢. If HIFI decisively loses support at $0.74, price could accelerate quickly toward the next key level near $0.66–$0.68 🧊🚧.

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🪴🪴Fundamentally, Hifi Finance remains active, working to expand its fixed-rate lending ecosystem and attract more liquidity 🌈📡. However, even strong fundamentals have struggled to counter the weight of technical breakdowns and a cautious broader market 🦥🌫️.

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🎯🎯Traders should watch carefully for reactions near the $0.74 support zone. A strong breakdown with volume could confirm continued weakness, while a surprise bounce back above $0.82 might trigger a short-term relief rally.