HEMI plummeted by 592.33% within 24 hours during a significant market downturn

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HEMI plummeted by 592.33% within 24 hours during a significant market downturn

Bitget-RWA2025/10/15 16:02

By:Bitget-RWA

- HEMI plummeted 592.33% in 24 hours to $2.75, with 3094.63% annual decline showing extreme volatility and lost market confidence. - Technical indicators show RSI in oversold territory but MACD remains bearish, suggesting potential short-term rebound but sustained downward momentum. - Analysts highlight lack of bottoming patterns despite sharp sell-off, emphasizing prolonged bearish outlook amid ongoing price weakness.

As of OCT 15 2025,

HEMI

plummeted by 592.33% in just 24 hours, falling to $2.75. Over the past week, it has dropped by 1059.6%, and over the last month, the decline totals 3094.63%. Looking at the past year, the asset has lost 5287.96% of its value, highlighting a prolonged and steep downward spiral. Such drastic changes point to extreme volatility and a considerable erosion of investor trust in the asset recently.

The rapid decline has caught the eye of both traders and analysts, who are now scrutinizing technical indicators and market trends linked to this fall. Even with the scale of the losses, there is still no clear indication that the price has stabilized. The Relative Strength Index (RSI) remains deep in oversold territory, hinting at the possibility of a short-lived bounce. Nevertheless, the Moving Average Convergence Divergence (MACD) continues to move downward, reflecting ongoing bearish momentum. These technical signals imply that while some market participants might anticipate a brief recovery, the overall long-term sentiment remains negative.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.