Latest Hashflow (HFT) Price Analysis

By CMC AI
23 August 2025 02:33AM (UTC+0)

Why is HFT’s price up today? (23/08/2025)

TLDR Hashflow (HFT) rose 2.97% in the past 24h, slightly lagging the broader crypto market (+3.58%). The uptick reflects a mix of protocol developments, token burns, and technical momentum. Here are the main factors:

  1. Token Burn & Supply Dynamics – 400k HFT burned on Aug 12 reduced sell pressure.
  2. DeFi Activity Surge – Renewed interest in Hashflow’s cross-chain DEX and Hashverse governance platform.
  3. Technical Rebound – Price stabilized near $0.08 support after recent volatility.

Deep Dive

1. Token Burn & Supply Dynamics (Bullish Impact)

Overview: Hashflow burned 400k HFT tokens (~$34,840 at current prices) on August 12, part of its deflationary mechanism where 50% of fees fund buy-burns. With 997M total supply and 599M circulating, burns directly reduce sell-side pressure.

What this means: Burns tighten supply while daily vesting schedules (75% of team/investor tokens unlock linearly over 3–5 years) prevent sudden dilution. This creates a structurally bullish setup for HFT’s tokenomics.

What to look out for: Burn rate sustainability – Hashflow needs consistent fee generation from its RFQ-powered DEX to maintain deflationary pressure.

2. DeFi Activity Surge (Mixed Impact)

Overview: On-chain activity spiked around Hashflow’s cross-chain swaps and gamified Hashverse DAO, with daily RFQ trades hitting $30M+ (Hashflow). However, HFT remains 95.6% below its ATH, reflecting long-term skepticism.

What this means: Short-term traders are reacting to protocol traction ($28B+ cumulative volume), but the 24h trading volume-to-market cap ratio of 0.862 signals high speculative churn. Sustained growth requires deeper adoption beyond current niche use cases.

3. Technical Rebound (Neutral Impact)

Overview: HFT found support near $0.08, aligning with its 30-day SMA ($0.0828). The RSI-7 (56.43) shows neutral momentum, while MACD (-0.00054) hints at bearish crossover risk.

What this means: The bounce appears corrective rather than trend-reversing. A close above the pivot point ($0.0878) could test $0.09–$0.10 resistance, but failure risks retesting June lows near $0.063.

Conclusion

Hashflow’s 24h gain stems from tactical supply reduction and speculative interest in its DeFi integrations, though macro resistance and diluted long-term traction cap upside.

Key watch: Can HFT hold above its 30-day SMA ($0.0828) and convert its high turnover ratio into sustained volume growth?

Why is HFT’s price down today? (21/08/2025)

TLDR
Hashflow (HFT) fell 2.25% over the last 24h, underperforming the broader crypto market (-1.87%). The decline aligns with a broader altcoin pullback and reflects technical resistance. Here are the main factors:

  1. Technical Resistance (Bearish Impact) – Price rejected at key moving averages, signaling weak momentum.
  2. Profit-Taking Activity – High turnover (353% of market cap) suggests short-term traders dominate.
  3. Altcoin Weakness – Altcoin Season Index fell 23.6% in 30 days, reducing risk appetite.

Deep Dive

1. Technical Resistance (Bearish Impact)

Overview: HFT’s price ($0.0818) trades below its 7-day SMA ($0.0855) and 30-day SMA ($0.0827), signaling bearish momentum. The MACD histogram (-0.00071476) confirms weakening buying pressure.

What this means: Repeated failures to hold above $0.085 suggest traders view this zone as a sell target. The RSI (50.71) shows neutral sentiment but leans toward bearish territory if selling persists. Fibonacci retracement levels highlight $0.0785 as critical support – a break below could trigger deeper losses.

What to look out for: A sustained move above the 7-day SMA ($0.0855) or breakdown below $0.0785.

2. Profit-Taking Activity (Bearish Impact)

Overview: HFT’s 24h volume surged to $17.1M (353% of market cap) on August 9, per Cryptonewsland, but failed to lift prices – a classic sign of distribution.

What this means: The high turnover-to-market cap ratio (0.348) indicates speculative trading rather than long-term accumulation. With HFT still down 95.6% from its all-time high, rallies are likely met with selling from underwater holders.

3. Altcoin Weakness (Mixed Impact)

Overview: The crypto market’s Altcoin Season Index fell to 42/100 (-23.6% monthly), reflecting capital rotation away from riskier assets. Bitcoin dominance rose to 58.63%, pressuring altcoins like HFT.

What this means: HFT’s correlation with mid-cap altcoins leaves it vulnerable during risk-off phases. However, its 85% gain over 60 days shows potential for recovery if market sentiment shifts.

Conclusion

HFT’s dip reflects a combination of technical resistance, profit-taking after recent gains, and sector-wide altcoin fatigue. While its RFQ model and Solana integration (completed in June 2025) provide long-term utility, short-term traders dominate price action.

Key watch: Can HFT stabilize above $0.0785 support, or will broader market headwinds drive further downside?

CMC AI can make mistakes. Not financial advice.
HFT
HashflowHFT
|
$0.08785

3.75% (1d)