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HFT Crypto Analysis: Hashflow Gains 175% in a Week – Next Levels to Watch
In a shocking turn of events, Hashflow (HFT) has witnessed an astonishing 175% gain within the span of just one week. The high HFT crypto volume came after Binance announced support for the DEX token deposits on the Solana network. Traders would be better off waiting rather than rushing into long positions.
Hashflow was in up-only mode in recent days, since June 28th. As a result, the DEX token has rallied by an astounding 176%, and could continue to rise. The move was catalyzed by Binance’s announcement supporting HFT deposits on the Solana network. Not surprisingly, this news sparked a frenzy among traders, driving HFT’s daily volume to $97 million on both Monday and Tuesday, roughly 25 times its recent daily average.
Is the Hashflow Rally Overextended?
An examination of the chart reveals that Hashflow has breached the most recent lower high. Marked in cyan, the breach represented a bullish market structure break (MSB). It’s worth noting that HFT did not simply “break out” – it bulldozed past key resistance levels. The chart demonstrates a bullish MSB as price surged through the most recent lower high and then decisively moved beyond the May high of $0.094, just below the psychologically significant $0.10 level.
In the event of a retracement, HFT would likely see a bullish reaction from the $0.1 region, which is now a demand zone. The strong gains made earlier this week resulted in a fair value gap (white box) being left behind at the $0.075-$0.11 region. This area will likely yield a bullish Hashflow reaction.
Trend Strength Persists
It’s essential to note that the RSI has reached 86, deep within the overbought territory, which doesn’t necessarily guarantee a pullback. Upon closer inspection of lower timeframe charts, it was found that the $0.12 level is short-term support. Furthermore, the OBV has surged past two-year highs, confirming that this rally wasn’t a fluke – it’s demand-driven.
Highlighted in yellow were Hashflow’s swing moves throughout 2025. These were predominantly bearish, with an ongoing consolidation phase since April being decisively broken by recent events. However, the sharp upside also triggers short-term profit-takers. Consequently, buyers might prefer to wait for a clean retest of demand zones before entering into long positions once more.
Disclaimer: The information presented does not constitute financial, investment, trading or other types of advice and is solely the writer’s opinion
Source: ambcrypto.com
