🚨 $HIFI /USDT Breakout in Progress — Is the Downtrend Finally Over?

🕐 Timeframe: 1D | 📈 Current Price: $0.1085 | 📈 Change: +20.42%

🧠 Technical Insight

After months of brutal decline, HIFI has shown signs of life with a strong green daily candle, pushing above both the 7-day and 25-day moving averages for the first time in weeks. This is a potential trend reversal signal from a severely oversold region.

✅ MA7 crossed MA25 from below — early bullish momentum

✅ Strong volume on breakout candle

✅ Long base built at ~$0.08 suggests strong accumulation

🛡️ Currently trading below the 99 MA ($0.1640), which will act as the next resistance

🎯 Target Levels Ahead

1️⃣ Target 1: $0.1450

Previous mini support in April

Just below 99-day MA (watch this level closely)

2️⃣ Target 2: $0.2100

Major resistance from March breakdown

Likely to be the “profit-taking” zone for early bulls

3️⃣ Target 3: $0.3000 - $0.3400

Clean horizontal resistance from October 2023

Full recovery leg if trend flips bullish mid-term

🛑 Suggested Stop-Loss:

Below $0.085 (last consolidation zone)

Tighter: $0.095 (just below current breakout range)

🧨 Conclusion:

This breakout has the early structure of a trend reversal. HIFI’s extended downtrend might be coming to an end, especially if volume continues and it reclaims the $0.145 level. One good candle doesn't confirm a bull market, but this is how they start.

Stay sharp, bulls might just be tuning up for a comeback.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!