BIFI's recent performance has not been very promising. In the past 24 hours, the price has dropped 12.40%, currently stuck at $186.80. Both technical indicators and capital flow signals suggest weakness. Interestingly, this sharp decline has left some potential signs on the chart.



Let's first look at what the indicators say. The MACD line has fallen below the signal line, with both lines hovering in the negative zone, indicating that bearish momentum is still quite strong. The EMA is also underperforming, with the 7-day, 25-day, and 99-day moving averages all being overtaken by the current price, confirming a short- to medium-term downtrend. However, there is a turning point—RSI shows an extreme abnormal value. The 6-period RSI is only 3.33, and the 12-period is just 16.23. Such severe oversold conditions usually imply a rebound is not far off.

Recent capital flow data shows some major players concentrating on selling, with total inflow turning deeply negative. But it is precisely this concentrated selling pressure that has driven the price so low. The community's reaction is quite interesting—although it looks tough, many are starting to consider buying the dip. Some technical analysts believe that after this 12.40% decline, BIFI could rebound to the range of $210 to $225.

Overall, BIFI is currently caught between two opposing forces. On one side, the MACD and price levels indicate ongoing downward pressure; on the other, the extreme oversold RSI state usually triggers a rebound expectation. The short-term direction will depend on which force has more influence.
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WagmiWarriorvip
· 6h ago
The bottoming moment has arrived. The RSI has broken 3, and you're still not taking action?
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GateUser-a606bf0cvip
· 6h ago
It's the same technical analysis again... RSI has already dropped to 3.33, everyone is waiting for a rebound, but as soon as they turn around, it hits a new low. Quite a few people have been caught in the trap, right?
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GateUser-44a00d6cvip
· 6h ago
Damn, RSI 3.33 so low? Feels like the bottom-fishing opportunity has arrived.
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CoffeeOnChainvip
· 6h ago
RSI is so extreme, either a rebound or a direct death, feels like these are the only two possibilities. Big players dumping, we pick up the bargains, classic move. At 186, the price looks pretty uncomfortable; it needs to rebound at 210. This wave of decline is a bit fierce, but oversold this deep usually doesn't go to waste. Honestly, let's wait and see, feels like the bottom is near.
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OnchainDetectivevip
· 6h ago
According to on-chain data, the wallet address tracking behind this wave of selling is quite interesting... Large holders are concentrated on dumping, and the RSI breaking below 30 indicates an oversold signal, clearly showing that someone is manipulating the market.
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AmateurDAOWatchervip
· 6h ago
The bottom signal is so obvious, why not rush to buy the dip? Anyway, after the big players finish selling off, it's our turn to step in.
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