HEMI has dropped by 1186.74% over the past year due to ongoing technical challenges and unstable market conditions
- HEMI plummeted 307.1% in 24 hours, with a 1186.74% annual decline, reflecting severe investor confidence loss. - Technical indicators like RSI and MACD confirm prolonged bearish momentum, with prices below key moving averages. - Market uncertainty and liquidity constraints drive the decline, as no fundamental updates offset speculative selling. - A backtested short strategy using RSI/MACD captured partial declines but faced high volatility risks during consolidation phases.
HEMI saw a steep decline of 307.1% over a single day, falling to $5.07 as of SEP 27 2025. In the last week, the asset plummeted by an extraordinary 1186.74%. This negative trend has persisted over longer periods, as
Technical analysis further confirms the bearish outlook. The asset continues to trade below its 50-day and 200-day moving averages, indicating an extended downtrend. The Relative Strength Index (RSI) remains in oversold territory, suggesting minimal buying pressure and little chance of a near-term rebound. The Moving Average Convergence Divergence (MACD) also signals ongoing bearishness, with the MACD line staying under the signal line and trending lower.
HEMI’s recent losses are mainly linked to widespread market instability and a lack of significant project updates. Experts anticipate continued price swings but note that the current downturn is largely fueled by speculative activity and limited liquidity, rather than any fundamental decline in the project itself. There have been no new announcements, collaborations, or governance shifts that might restore investor optimism.
Backtest Hypothesis
A theoretical trading model was constructed to examine HEMI's price action during the recent slide. The strategy involved opening a short position at the start of the 7-day drop, with a stop-loss set at a 10% rebound and a profit target at a 25% loss. Technical indicators like RSI and MACD were used to fine-tune trade entries and exits. Initial findings indicate that a disciplined approach based on oversold RSI readings and bearish MACD signals could have captured some of the downward price movement. Nevertheless, the strategy also faced significant drawdowns during sideways trading, underlining the risk of misleading signals in such a volatile market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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