Hashflow (HFT), a decentralized exchange (DEX) token, is capturing headlines this week with a jaw-dropping 175% rally in just six days. This sharp price surge, which began on June 28, came in the wake of Binance’s announcement supporting HFT deposits on the Solana (SOL) network. The news acted as a powerful catalyst, drawing both traders and investors toward the token, and driving its daily trading volume to unprecedented levels.

According to market data, Hashflow’s trading volume spiked to $97 million on both Monday and Tuesday—about 25 times higher than its recent daily average. The strong volume suggested that the rally was not merely speculative but backed by a surge in actual trading activity. As the crypto community scrambled to get in on the action, HFT saw an explosive move that broke multiple resistance levels with ease.

From a technical standpoint, Hashflow has shifted from a bearish to a bullish market structure. The daily price chart revealed a clear bullish market structure break, with HFT smashing past its most recent lower high. This breakout was quickly followed by a move above the previous high from May at $0.094, before crossing the key psychological barrier of $0.10. Such breakouts typically signal that market sentiment has flipped decisively in favor of the bulls.

But while the momentum appears strong, the question now is whether this rally can be sustained or if a short-term correction is imminent. As of July 3, HFT is trading above $0.12, but some analysts warn that a retracement could be around the corner. The token has left behind a Fair Value Gap (FVG) in the $0.075 to $0.11 zone. This gap is an area where price moved too quickly without much trading activity, and such zones often act as magnets for future price pullbacks. In the event of a dip, this region is expected to serve as a strong demand zone where buyers could re-enter the market.

Momentum indicators offer additional insights. The Relative Strength Index (RSI) currently sits at 86, well into overbought territory. While this doesn’t guarantee a reversal, it does suggest that the asset may be overheating in the short term. Historically, RSI levels above 70 have often preceded minor corrections or consolidation phases, especially after such rapid gains.

Interestingly, the On-Balance Volume (OBV) has surged past two-year highs, confirming that this rally is demand-driven. In other words, the price surge isn’t just the result of hype—it’s supported by significant volume inflows. This bodes well for HFT’s medium-term outlook, especially if the broader market remains stable.

Looking back at Hashflow’s recent price history, the token had been stuck in a prolonged bearish phase for much of 2025, with consolidation dominating since April. The breakout seen this week marks a clear departure from that downtrend. However, sharp upside moves like this often attract profit-taking, especially from short-term traders who bought in earlier. This could introduce volatility in the days ahead, making timing crucial for those looking to enter new positions.

For now, key levels to watch include the $0.10 zone, which is likely to act as strong support if prices pull back. The broader Fair Value Gap between $0.075 and $0.11 is also expected to provide bullish reactions if tested. On the flip side, if HFT breaks above its current range and clears $0.13, the next significant resistance levels are likely to be around $0.15 and $0.17—prices last seen in previous market cycles.

In conclusion, Hashflow’s rally has been one of the most significant moves in the crypto market this week. Powered by real demand, a major exchange announcement, and a strong technical breakout, HFT now finds itself in a bullish spotlight. However, traders are advised to proceed with caution. Rather than chasing the pump, waiting for a healthy pullback into key demand zones could offer a more favorable risk-reward entry. As always in crypto, patience and precision may prove more valuable than fear of missing out.