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HEMI's value has plunged by 5270.51% since the start of the year due to turbulent market fluctuations

HEMI's value has plunged by 5270.51% since the start of the year due to turbulent market fluctuations

Bitget-RWA2025/10/16 01:20
By:Bitget-RWA

- HEMI token fell 5270.51% year-to-date, with 3069.05% decline in one month. - Technical analysis shows sustained bearish trend despite oversold indicators and no upward corrections. - Analysts link extreme volatility to macroeconomic factors and speculative trading rather than token-specific events. - Proposed backtesting strategy examines post-event performance after 10% single-day price drops in selected assets.

As of October 15, 2025,

remained unchanged over the past 24 hours at $2.7. Over the last week, HEMI fell by 1026.49%, experienced a 3069.05% decrease in the past month, and declined by 5270.51% over the previous year.

HEMI’s latest results show a dramatic shift from its previous trends. The token has suffered a massive loss exceeding 5000% in the last year, with the steepest drop occurring in the most recent month. This downward movement has been steady across different periods, including a 1026.49% fall just in the last week. The current price of $2.7 marks a significant drop from earlier values. Experts suggest that these drastic changes may be influenced by overall market mood and speculative trading, especially among tokens with smaller market capitalizations.

Technical analysis for HEMI throughout the past year reveals a persistent bearish pattern, with no notable recoveries in major timeframes. Tools like moving averages and the Relative Strength Index (RSI) have consistently indicated oversold conditions, yet the price has continued to slide. This points to a lack of immediate buying interest or a possible shift by investors toward more stable assets. The limited short-term price swings could signal either a period of consolidation or ongoing negative sentiment in the market.

The token’s recent trajectory has sparked concerns about its core fundamentals and long-term prospects. With no recent updates or project news to explain the sharp decline, HEMI’s price action resembles that of other tokens affected by sudden liquidity changes. The market’s reaction seems to be shaped more by external influences, such as broader economic shifts and regulatory news, rather than any developments specific to HEMI itself.

Backtesting Hypothesis

Given HEMI’s pronounced volatility and consistent downward trend, it presents an intriguing case for testing event-driven trading strategies. One possible approach is to analyze how a particular stock or token performs after experiencing significant price drops. For example, a strategy could assess the average returns following a 10% decline in a single trading session.

To carry out this backtest, these steps should be followed:

  1. Asset Selection: Choose one stock ticker (such as SPY, AAPL, or TSLA) for the analysis. Since the system handles one ticker at a time, multiple runs are needed for multiple assets.

  2. Event Criteria: Define what constitutes the "event." The current setup considers a 10% drop in closing price compared to the previous day’s close. If you prefer a different definition—like an intraday or open-to-close drop—this can be adjusted as needed.

After setting the asset and event parameters, the backtest will retrieve historical data from January 1, 2022, through the present. It will then identify all instances where the event took place and review the asset’s subsequent performance to assess the strategy’s results.

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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.

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