$HEMI dumped nearly 13% in the past 24h, extending a 31% weekly loss as sellers took control amid market-wide weakness and post-event profit-taking. The token is under pressure but now sitting in an oversold area where a potential short-term rebound could form soon.

💡 What Happened:

1. Profit-Taking After Binance Integration:

$HEMI completed its Binance network integration on Oct 24, and traders used that “sell the news” moment to take profits after a massive 136% 90-day rally. The 24h volume spike to $34.3M shows heavy selling activity.

2. Aster DEX Incentive Program Ended:

The $400K trading competition that boosted demand ended on Oct 24, removing a major source of buy pressure. Without those incentives, price naturally corrected as organic demand slowed.

3. Technical Breakdown:

Price broke below key Fibonacci support at 0.0545, triggering stop-loss cascades. The RSI is now near 31, showing oversold conditions, and MACD remains bearish — but momentum could soon cool off as sellers exhaust.

💼 Trade Setup – $HEMI Recovery Play

Entry Zone: 0.037 – 0.040

Target 1: 0.045 🎯

Target 2: 0.050 🎯

Stop Loss: 0.035 🚫

Why this setup works:

I’m seeing extreme oversold readings with volume peaking during the latest dump — that often signals capitulation. Price is now resting near a strong support base, and if buyers step back in around 0.037–0.040, we could see a clean rebound toward 0.045+.

I’m entering this zone expecting stabilization and a recovery bounce as short-term sellers cool off. Patience here could pay off once momentum flips. 💪🔥

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