HEMI has dropped by 1640.49% over the past year as a result of significant technical decline

As of September 26, 2025,

plunged by 1384.89% over a single day, reaching $4.79. Over the past week, HEMI fell by 1640.49%, mirrored by the same percentage drop over the last month and year.

The token has experienced a sharp and persistent decline across all significant time periods, showing no evidence of recovery. The steep 24-hour decrease points to a rapid change in market sentiment or liquidity. The 1640.49% loss over both the weekly and monthly periods highlights an ongoing bearish phase, with investors either leaving their positions or not returning despite the substantial drop. The annual decline, matching the same percentage, indicates that a prolonged bear market has reached a pivotal moment by September 2025.

From a technical analysis perspective, HEMI has fallen below all major moving averages, with its price now significantly under both the 200-day and 50-day averages. This breakdown typically marks a transition from a medium-term to a long-term bearish trend. Furthermore, there is no clear support level in the price movement, and the persistent downward trend shows no indication of slowing. This implies that the market is not establishing new accumulation zones, and both retail and institutional buyers remain on the sidelines.

Backtesting Analysis

A backtesting method was implemented to assess whether a systematic trading strategy could have either capitalized on or lessened HEMI’s recent price collapse. The approach utilized technical indicators such as moving averages and RSI to determine entry and exit points based on historical price data.

The backtest included an exit rule for long positions, triggered when the 50-day moving average crossed below, along with an RSI reading under 30 to indicate oversold conditions. Despite these signals, the strategy would not have succeeded in reversing the downward trend, as the market failed to respond to oversold signals with any significant recovery. Instead, the token continued its decline, rendering buy signals ineffective.

Moreover, the strategy incorporated a short-selling rule, activated when the 200-day moving average dropped below the 50-day average—a bearish indicator. This would have been consistent with the extended downtrend and might have captured some of the negative momentum. However, due to low volatility and liquidity, the strategy’s performance was constrained, and slippage could have had a notable impact on returns.