USA Crypto: HIFI, PLUME, and IO Show Bullish Signals

US-Based Cryptocurrencies Showing Strength

The cryptocurrency market experienced a wave of positive investor sentiment last week, leading to substantial gains for several assets. This bullish momentum is reflected in a roughly 6% increase in the global cryptocurrency market capitalization. Amidst this renewed optimism, several digital assets originating from the USA have demonstrated significant upward movement and appear poised for further gains this week. Here’s a closer look at three to watch:

Hifi Finance (HIFI)

HIFI, the native token of the Hifi Finance DeFi protocol, is experiencing unexpected price action. Despite Binance's announcement to delist HIFI on September 17, the token has surged in value.

Initially, the delisting announcement was expected to trigger a price decline due to anticipated reduced liquidity. However, HIFI has defied expectations, increasing over 500% in the past week.

This price spike seems to be driven by traders attempting to capitalize on the token's value before delisting. Consequently, caution is advised, as sentiment could shift dramatically post-delisting. Potential scenarios include:

• Bearish Scenario: If profit-taking ensues after delisting, HIFI could fall to $0.2541.
• Bullish Scenario: Sustained demand could push HIFI higher, potentially trading above $0.3775.

PLUME

PLUME, a Real World Asset (RWA)-based token, has risen 48% over the past week, currently trading at a three-month high of $0.1381.

The rally is supported by a rising On-Balance Volume (OBV) on the daily chart, indicating strong buying pressure. Specifically, the OBV has climbed 28% since September 4.

Potential price movements include:

• Bullish Scenario: Continued demand could push PLUME toward $0.1431 in the near term.
• Bearish Scenario: Increased selling pressure could lead to a decline to $0.1275.

io.net (IO)

IO has surged 36% in the past seven days, driven by positive indicators. The daily chart shows a steady increase in the token’s Smart Money Index (SMI), currently at 1.65, signaling sustained backing from key token holders.

The SMI tracks the activity of experienced or institutional investors by analyzing trading behavior. A rising SMI suggests increased buying activity.

Potential price movements include:

• Bullish Scenario: Continued demand could push IO to breach $0.876.
• Bearish Scenario: If buying pressure wanes, IO could revisit its all-time low of $0.507.