HFT breaks below $0.458 as bearish stress overwhelms the market. – Cryptopolitan

Hashflow price analysis shows that the coin has been facing a bearish trend in the market for the last 24 hours. The HFT price has been trading under a descending triangle pattern and has set support at $0.4408. The coin has been facing resistance at $0.5500, and it is likely that this will be the first major challenge for HFT prices in the short term. If the coin manages to break through this level, there could be more upside potential available for investors. On the other hand, if the HFT price fails to break past this resistance, a bearish trend may return. The bears have been in control of the Hashflow markets after encountering bullish pressure around $0.4615. Since then, the price has been on a downward spiral and is currently trading below the $0.458 level. The 24-hour volume is reported to be $17 million, and the market cap is $88 million

Hashflow price analysis 1-day price chart: HFT price is facing resistance at $0.5500.

The 1-day Hashflow price analysis indicates a continued downward trend in the coin’s market. The current bearish pressure is overwhelming, and it is likely that the coin may fall further in the short term if this continues to be the case. Although the bulls are trying to push the price up, it is uncertain whether they will be able to counter the bearish pressure. The market is expected to see lower prices as the bearish pressure continues. The market is currently trading at $0.458, and it is expected to remain at this level for the next 24 hours.

The RSI in the daily charts is also quite weak, and this signals that the bearish pressure in the market is unlikely to fade soon. The upper Bollinger band value is at $0.6590 and the lower band value is at $0.4303, indicating that the bearish trend has been quite strong in the last 24 hours. Additionally, the MA50 is currently at the $0.4525 level, while the MA200 is at the $0.4534 level.

HFT/USD 4-hour price chart: Latest development

The 4-hour Hashflow price analysis shows that the market looks bearish as prices have declined by 4.04% at the time of writing. The bears appear to be in control of the market, and it is likely that they will continue to push the coin down in the near future. The current 4-hour candle looks bearish as well, and this could mean that more downward pressure may be on the way. 

The Bollinger band indicator average has decreased to $0.4599, whereas the upper Bollinger band is showing a $0.4815 reading and the lower band is showing a $0.4383 reading, representing a high volatility range for HFT. The relative strength index (RSI) curve is at 40.76 points, indicating a neutral outlook on the coin. The moving average (MA) curve is at $0.4635, representing bearish sentiment in the near term.

Hashflow price analysis conclusion

Overall, the Hashflow price analysis shows that the coin is facing strong bearish pressure and could fall further in the short term if this continues to be the case. The current market sentiment looks negative, and investors should keep a close eye on HFT prices for the next 24 hours. If the coin manages to break past the $0.5500 resistance level, there may be some more upside potential available for investors.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.