HFT crypto analysis: Hashflow gains 175% in a week – Next levels to watch
Traders can wait for a price dip to look for long positions rather than FOMOing into bidding HFT right now.
- 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 [HFT] was in up-only mode in recent days. Since the 28th of June, the DEX token has rallied 176% and could continue to rise.
This move was catalyzed by Binance’s announcement supporting HFT deposits on the Solana [SOL] network.
Naturally, the news sent traders scrambling, driving HFT’s daily volume to $97 million on both Monday and Tuesday, roughly 25x its recent daily average.
Is the Hashflow rally overextended?
Hashflow has breached the most recent lower high. Marked in cyan, the breach represented a bullish market structure break.
HFT didn’t just break out—it bulldozed past key resistance.
The chart shows a bullish market structure break (MSB) as price shot through the most recent lower high, followed by a decisive move past the May high of $0.094, just below the psychologically significant $0.10 level.
Therefore, in the event of a retracement, HFT would likely see a bullish reaction from the $0.1 region, which was now a demand zone.
The strong gains made earlier this week saw a fair value gap (white box) left behind at the $0.075-$0.11 region. This area was also likely to yield a bullish Hashflow reaction.
Trend strength persists
The RSI was at 86, deep into the overbought territory, but this does not guarantee a pullback.
Examining the lower timeframe charts, AMBCrypto found that the $0.12 level was a short-term support. On top of that, the OBV has surged past two-year highs, confirming that this rally wasn’t a fluke—it was demand-driven.
Highlighted in yellow were the swing moves that HFT has made in 2025. They were predominantly bearish, with a consolidation phase ongoing since April.
This consolidation was decisively broken by the recent rally. Yet, the sharp upside also brings in short-term profit-takers.
So, while momentum is intact, buyers might want to wait for a clean retest of demand zones before jumping in again.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
