Hifi Finance ($HIFI): Would $0.3 Be the Altcoin’s Last Defense?

Coin Edition
Coin Edition

18 Sep 2023 11:20 AM

The price of HIFI has slipped by more than 32% following a very successful past week in the market. Read more on CE....

  • HIFI's price dropped by more than 32% in one day, likely due to the introduction of the HIFI perpetual contract on Binance and Korean trading habits.
  • HIFI needs to close above $0.8075 to prevent further price drops to as low as $0.3.
  • The significant increase in HIFI's value was tied to the surge in trading volume on the Upbit exchange in Korea.
  • Korean traders have been linked to pump-and-dump behaviors in the past.

The sentiment in the article is mostly negative, highlighting the significant decline in HIFI's price and the potential risks associated with Korean trading habits.

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You May Ask

What caused the drop in HIFI's price?What is the key support level for HIFI's price?How did the surge in trading volume on Upbit affect HIFI's value?What risks are associated with Korean traders in the crypto market?What is the potential impact of Binance's introduction of the HIFI perpetual contract?

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