Highstreet/Tether Market Overview – 2025-09-22

• Highstreet/Tether (HIGHUSDT) fell sharply overnight, closing 24 hours at 0.487 after a strong bearish move from 0.553.
• Momentum indicators show oversold conditions, while Bollinger Bands reflect increased volatility.
• A key support level appears at 0.485–0.487, with volume surging during the breakdown.
• Divergences between price and turnover suggest cautious optimism ahead of potential rebounds.
• A Fibonacci retracement from the overnight low targets a possible 0.50 retest, but further bearish follow-through remains possible.

Highstreet/Tether (HIGHUSDT) opened the previous 24-hour period at 0.553 on 2025-09-21 at 12:00 ET, hitting a high of 0.556 and a low of 0.469 before closing at 0.487 as of 12:00 ET on 2025-09-22. Total volume across the 24-hour window was 1,154,448.204 with a notional turnover of $542,269.21.

Structure & Formations

The 15-minute chart revealed a strong bearish reversal pattern overnight, particularly from 02:45 ET to 03:30 ET, where price broke below key support at 0.514 and accelerated downward toward 0.485. A large bearish engulfing pattern formed around 06:15 ET, confirming a shift in sentiment. A cluster of small-bodied candles in the 09:00–10:00 ET timeframe signaled indecision, while a strong pinocchio candle at 10:00 ET highlighted a potential short-term bottom. Notable support levels appear at 0.485–0.487, with resistance at 0.50 and 0.52. A possible bullish reversal may form at these levels if buyers step in.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have both trended downward sharply, with price currently well below both, suggesting sustained bearish momentum. On the daily chart, the 50-period MA has crossed below the 100- and 200-period lines, forming a bearish death cross, which historically signals a prolonged downtrend. The current price sits significantly below these averages, reinforcing bearish positioning.

MACD & RSI

The RSI fell into oversold territory (below 30) at 06:00 ET and remained there through the majority of the session, suggesting potential for a bounce. However, the MACD remained in negative territory with a bearish crossover earlier in the session, indicating sustained downward momentum. A potential RSI rebound toward 40–45 could indicate a short-term reversal, but confirmation from price action above 0.50 is needed to validate it.

Bollinger Bands

Volatility expanded significantly during the early morning hours, with price dropping below the lower Bollinger Band at 0.469 before consolidating around the 0.485–0.487 range. The bands have since widened, reflecting increased market uncertainty. Price remains within the band structure, suggesting that volatility has not yet reached a point of exhaustion. A break above the upper band at 0.50 would be a strong bullish signal.

Volume & Turnover

Volume surged during the breakdown phase, peaking at 686,154.435 at 06:15 ET, which confirmed the strength of the bearish move. However, volume has since declined, indicating waning momentum. Turnover followed a similar pattern, with the largest notional value recorded during the sharp drop. A divergence between declining volume and stable price suggests a period of consolidation, and further volume confirmation is needed to break out of the current range.

Fibonacci Retracements

Using the overnight swing high of 0.553 and low of 0.469, the key Fibonacci levels for the 15-minute chart suggest a 38.2% retracement at 0.519 and a 61.8% retracement at 0.501. Price appears to have stalled around 0.50 during the morning session, which could act as a reentry point for bulls. On the daily chart, a 61.8% retracement level at 0.514 appears to be a critical threshold for near-term bearish continuation.

Backtest Hypothesis

Given the bearish structure and confirmation from volume and momentum indicators, a potential short-term trading strategy could involve a bearish entry on a break below 0.485 with a stop just above the 0.489 resistance zone. A target could be set at 0.465, aligning with the Fibonacci 161.8% extension. This strategy leverages the current oversold RSI, bearish MACD, and strong volume confirmation during the breakdown, but would require tight risk management due to the high volatility observed.