$HIFI Trading Opportunity!
Hifi Finance ($HIFI) is showing promise! Trading at ~$0.26, it’s up 4.85% in 24 hours with a $11.7M trading volume and $37M market cap. The daily chart indicates a breakout from a descending broadening wedge, with price reclaiming the $0.24 demand zone and testing the 50-day MA. RSI at 52.34 suggests neutral momentum with room for growth.
Key Levels:
Support: $0.24
Resistance: $0.28
Potential Targets: $0.34 (+30%) or $0.48 (+84%) on a confirmed breakout!
Why $HIFI ?
Hifi Finance is a DeFi protocol on Ethereum, enabling fixed-rate lending and borrowing via tokenized debt. With a circulating supply of 143M and strong community governance, it’s gaining traction in the RWA and DeFi narratives. Recent posts on X highlight a potential 140-150% midterm rally if resistance breaks.
Trade Idea: Buy near $0.26 or on a dip to $0.24 support. Set a stop-loss below $0.22 for risk management. Take profits at $0.28 or higher if volume confirms the breakout. Always DYOR—crypto is volatile!
