BINANCE:HIFIUSDT   HIFI / TetherUS
So they did Token Swap at the start of this year. Most People think Fundamental Narratives drives Price but that's not how in Reality it works. We must always pay close attention to what the Price is actually doing. Anyways Weekly RSI is just so, so oversold. And I have observed that whenever RSI goes too oversold it is usually likely that we see it tracing back it to its highs again. Algorand & Curve Finance had a similar situation when they were launched. So the question is are you willing to take the risk? It wouldn't be a bad idea to start buying this at such a low price levels. Obviously you go with what you could afford to lose Risk Management is always key no matter even if you use Fundamentals. I'm Positive that once Bitcoin starts its Massive Bull Market maybe next year then soon Alts will generally do well so you could make a nice return. But don't go all in because Low MarketCap Coins/Token are very risky and they have a high probability of failing. Or if you don't want to take Risk you could always Make Safe Returns with BTC and ETH by getting invested there. Overall Trend remains heavily Bearish for this one. It would get interested if we break it $0.85 ish level because then there is NO RESISTANCE at all. Maybe by next year we would see that level get broken Successfully or if we are lucky we could also see this year too but a low probability outcome. Can't be sure 100% in Technical Analysis as always 😉
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.