- The high HFT -Crypto volume came after Binance had announced support for the DEX token deposits on the Solana network.
- Traders would be better off waiting instead of hurrying in long positions.
Hashlow [HFT] Was only in mode in recent days. Since June 28, the Dex token has collected 176% and could continue to rise.
This movement was catalyzed by Binance’s announcement Support for HFT deposits on the Solana [SOL] network.
Of course the news sent that traders clamber and the daily volume from HFT to $ 97 million ran on both Monday and Tuesday, about 25x the recent daily average.
Is the Hashflow rally overloaded?
Source: HFT/USDT on TradingView
Hashflow has broken the most recent lower high. On average in Cyan the infringement represented a bullish market structure.
HFT did not only break out – the bulldozed beyond key resistance.
The graph shows a bullish market structure (MSB) as a prize shot through the most recent lower high, followed by a decisive movement after the High of May of $ 0.094, just below the psychologically significant $ 0.10 level.
That is why in the case of a retracement, HFT would probably see a bullish reaction from the $ 0.1 region, which was now a demand zone.
The strong profits made earlier this week saw a real value gap (white box) left at the region of $ 0.075- $ 0.11. This area probably also gave up a bullish hash flow reaction.
The power of the trend continues to exist
The RSI was on 86, deep in the overbough area, but this does not guarantee a pullback.
Ambcrypto investigated the lower schedules and discovered that the level of $ 0.12 was a short -term support. Moreover, the OBV is over two years high, confirmed that this rally was no coincidence was demanded.
In the yellow there were the swing movements that HFT made in 2025. They were predominantly Bearish, with a consolidation phase that has been going on since April.
This consolidation was definitely broken by the recent rally. Nevertheless, the sharp upward profit claims also brings in the short term.
So, although the momentum is intact, buyers may want to wait for a clean retest of demand zones before they jump in again.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer