HFT crypto analysis: Hashflow gains 175% in a week – Next levels to watch

Key Points

1. Hashflow (HFT) rallied 176% since June 28, fueled by Binance's announcement supporting HFT deposits.

2. Daily trading volume spiked to $97 million, 25x its recent average, indicating strong trader interest.

3. Technical analysis shows a bullish market structure break, with HFT surpassing key resistance levels, including the May high of $0.094.

4. The RSI is at 86 (overbought), but the OBV surge to two-year highs suggests the rally is substantiated.

5. Short-term support is identified at $0.12, with potential retracement support around the $0.1 region and the $0.075-$0.11 fair value gap.