HIFI Reclaims $0.1207 After Breakout, Eyes Resistance At $0.1304

HIFI has exited a long-term descending channel and is currently retesting the upper trendline on the daily chart.

The token is trading above the $0.1189 support, with resistance forming near $0.1304—critical for confirming any trend shift.

HIFI shows moderate gains against BTC (+0.5%) and ETH (+1.2%), suggesting minor bullish momentum but not a clear reversal.

Hifi Finance (HIFI) appears to be attempting a technical recovery after an extended period of decline. As indicated by recent price action, the asset has broken out of a long-term descending channel and has since returned to retest the upper trendline of that pattern. This retest is considered a critical point, often viewed by market participants as a test of structural validity before a potential directional shift.

HIFI Tests Key Levels After 88% Drop, Eyes Breakout

HIFI’s price currently stands at $0.1207, reflecting a 0.9% gain in the last 24 hours. While the change may seem modest, it comes after a prolonged drop that saw the token fall from a December 2024 high of $0.8484 to a recent low of $0.0993. Today, price support stands at $0.1189 and if it rises, resistance is expected at $0.1304.

This pattern usually leads to a clear signal about the next trend or confirms the current trend, allowing it to last longer. In the daily chart, the pattern appears to be playing out nicely, with price honoring upper and lower edges both within the months-long channel.

Trading Pairs Suggest Modest Momentum

The HIFI/BTC and HIFI/ETH pairs provide additional data regarding the relative strength of the asset. HIFI is 0.5% stronger against Bitcoin, and the ETH pair is up 1.2%. These figures suggest HIFI is slightly outperforming major peers in the short term, though not dramatically enough to imply a broad market shift.

Yet, it is still important to watch how much you are investing. Today, the daily volume of HIFI is 39.45 million HIFI which translates to approximately $4.85 million in total turnover. For a complete change in direction, analysts believe more investors will have to participate.

HIFI Holds Below Key $0.1304 Resistance

As the weekend draws near, the buyers are holding their breath to see if there is a confirmed close above resistance at $0.1304. If the level is broken with volume, it will confirm the breakout and result in a potential medium-term rally. Otherwise, for the time being, the move remains technically intriguing but not confirmed.