Deep Dive
1. Exchange Delistings (Bearish Impact)
Overview: Binance delisted HIFI on September 17, 2025, citing compliance and performance concerns. Exchanges like ONUS and Bitvavo followed, cutting liquidity access for ~60% of HIFI’s former trading volume.
What this means: Delistings typically trigger panic selling and fragmented liquidity. HIFI’s 24h turnover ratio (0.227) confirms thin markets, where even moderate sell orders can disproportionately impact price. Post-delisting, smaller exchanges like WEEX now dominate HIFI’s $2.94M daily volume, increasing volatility risk.
What to look out for: Further delistings or custody suspensions, particularly in regulated markets like South Korea (Upbit flagged HIFI as “high-risk” in April 2025).
2. Technical Downtrend Acceleration (Bearish Impact)
Overview: HIFI broke below its 200-day SMA ($0.1438) in late August and now trades at $0.0913. The MACD histogram (-0.0148) signals bearish momentum, while the RSI (45.1) shows no oversold relief yet.
What this means: Traders are reacting to the loss of the $0.10 psychological support level, a zone that previously triggered a 600% short-squeeze rally. With Fibonacci retracement levels pointing to $0.0519 as next support, downside risks outweigh bullish catalysts.
3. Speculative Position Unwinding (Mixed Impact)
Overview: HIFI’s 650% surge ahead of Binance’s delisting (Sept 13–15) was driven by a short squeeze, but open interest has since collapsed by 90% to $10.4M.
What this means: The initial pump attracted speculative longs, which are now exiting as liquidity dries up. Derivatives data shows declining funding rates (+0.003% → +0.0025%), suggesting reduced leverage demand. Without fresh catalysts, HIFI risks becoming a “ghost chain” token.
Conclusion
HIFI’s decline reflects structural headwinds (delistings, low liquidity) and technical breakdowns, compounded by a risk-off crypto market. While oversold conditions could spark a bounce, the project’s reliance on speculative trading and lack of major exchange support limit upside potential.
Key watch: Can HIFI hold the $0.09 pivot point, or will delisting-related sell-offs push it toward the $0.05–$0.06 Fibonacci support zone?