$HFT (Hashflow) just experienced a shocking surge of nearly +80% in just 24 hours, bringing the price from around ~$0.0681 to a peak of $0.1540 before slightly adjusting to ~$0.1263 (according to the image you sent). This is an extremely strong and rare "breakout" in the DeFi market recently.
⚡ Why did HFT surge like that?
Here are the main reasons that could explain the breakout:
🔥 1. News or new listings (not widely announced)
Hashflow may be preparing to launch a major product or feature, or related to a listing on another top exchange.
Some communities are speculating that HFT will participate in layer 2 or integrate with major wallet partners.
📈 2. Breaking important technical levels
The price level of $0.06 had been a strong resistance for many months.
When it was breached with a surge in volume (805 million HFT in 24 hours), a series of bots and technical traders "chased" – pushing the price skyrocketing.
🐋 3. Speculative money and whales entering the game
The vertical green candle along with large volume indicates the participation of large money – possibly whales, hedge funds, or short-term pump groups.
Funding rate and long orders skyrocketing show that FOMO sentiment is spreading.
⛔️ Risk warning
Despite the strong increase, HFT has previously dropped nearly 40% in the past year. This could be a short-term bull trap if there is no official news to support it.
It is recommended not to FOMO at the doubled price level; it is better to wait for a correction or a clear trend confirmation.
