HEMI drops by 322.58% within 24 hours as the market experiences a significant correction

On September 24, 2025,

plummeted by 322.58% over a 24-hour period, settling at $6.89. Over the past week, month, and year, HEMI has also seen a 322.58% decrease in value.

HEMI’s dramatic and historic price drop signals a major market correction, as the asset has suffered steep and uninterrupted losses across all tracked intervals. This pattern points to a larger trend of investors pulling out and possibly reevaluating the asset’s worth. The 24-hour decline of 322.58% alone highlights intense market unease, likely fueled by technical sell-offs and weak short-term demand. The persistent downward movement across daily, weekly, monthly, and yearly data suggests a continuing change in market outlook rather than an isolated incident.

Technical analysis indicates that bearish momentum is dominating the market. The price has fallen well below important support zones, and the inability to recover those levels increases the risk of further declines. The lack of significant buying activity shows that traders and investors remain hesitant. Given the scale and duration of the downturn, short-term participants may be reluctant to take long positions until there are clearer indications of a reversal.

Backtest Hypothesis

A backtesting method has been suggested to test the viability of a short-term bearish approach in the current market climate. This strategy focuses on entering trades when the price dips below a crucial moving average or when a certain volume level is surpassed. Stop-loss and target levels are determined by the latest swing highs and lows. The goal is to take advantage of sharp downward price moves, similar to what HEMI is experiencing now. The premise is that the prevailing trend will likely continue, and any temporary rebound could offer a good chance to re-enter short trades. The backtest will also examine how well this strategy performs in comparable past situations to ensure its effectiveness in similar market environments.