Hashflow (HFT), a decentralized exchange (DEX) token, has recently experienced a significant price surge, rallying an impressive 176% since June 28th. This substantial upward movement was primarily catalyzed by Binance’s announcement of its support for HFT deposits on the Solana (SOL) network. The news spurred considerable trading activity, pushing HFT’s daily trading volume to an extraordinary $97 million on both Monday and Tuesday, which represents approximately 25 times its recent daily average, signaling intense market interest and demand.

From a technical analysis perspective, Hashflow has demonstrated a clear bullish market structure break. The token decisively breached its most recent lower high, indicating a shift from a previous predominantly bearish trend, which had included a consolidation phase since April 2025. This breakout was not merely a subtle move; HFT bulldozed past key resistance levels, including the May high of $0.094, approaching the psychologically significant $0.10 mark. Analysts anticipate that in the event of a retracement, the $0.10 region is likely to act as a strong demand zone, potentially triggering a bullish reaction. Furthermore, a fair value gap (FVG) identified between $0.075 and $0.11 also suggests another area where a bullish response from Hashflow could occur.

The current rally shows persistent trend strength, despite some indicators entering overbought territory. The Relative Strength Index (RSI) climbed to 86, deep within the overbought zone; however, this alone does not guarantee an immediate pullback. Examining lower timeframe charts reveals that the $0.12 level has established itself as short-term support. Critically, the On-Balance Volume (OBV) has surged past its two-year highs, unequivocally confirming that the rally is robust and driven by genuine demand rather than speculative anomaly. While momentum remains strong, the sharp upside move could attract short-term profit-takers. Therefore, traders are advised to exercise caution and consider waiting for a clean retest of these newly established demand zones before committing to new long positions, rather than succumbing to fear of missing out (FOMO).

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.