$HIFI /USDT – Potential Reversal at $0.1704!
Momentum Analysis:
$HIFI is currently down -29.00%, trading at $0.1704. Despite the dip, there’s potential for a reversal as the price is holding near the 24h low of $0.1459. A rebound above $0.1704 could indicate a short-term recovery, especially with a 24h volume of 100.65M HIFI / $19.77M USDT. The 24h high of $0.3246 suggests the potential for upside, but the current trend needs confirmation for further movement.
Long Setup:
Entry Zone: $0.1704 – $0.1750
Targets:
T1: $0.2156
T2: $0.2549
T3: $0.2942
Stop Loss: $0.1459
Breakout Confirmation Level: $0.2156
Key Support: $0.1459
Pro Tip for Traders:
Watch for a break above $0.1750, as that could signal the beginning of a recovery toward higher targets. Ensure to monitor the volume for confirmation of the trend reversal before entering.
Trading Data Snapshot:
Price: $0.1704 (-29.00%)
24h High/Low: $0.3246 / $0.1459
24h Volume: 100.65M HIFI / $19.77M USDT
Order Book Depth:
$0.3336 | $0.3246 | $0.2942 | $0.2549 | $0.2156 | $0.1763 | $0.1704 | $0.1459
Timestamp: 2025-05-08