Market Overview for Highstreet (HIGHUSDT)

• Price surged to $0.599 before retracing sharply to close near $0.552, showing short-term volatility.
• A large bearish candle at 19:45 ET suggests strong downward momentum amid a pullback.
• Volume spiked to $287,115.94 during the sell-off, outpacing earlier bullish moves.
• RSI dipped into oversold territory, hinting at potential near-term support.
• Key support identified at $0.550 and resistance at $0.585 based on Fibonacci and swing levels.

Market Overview

Highstreet (HIGHUSDT) opened at $0.578 on 2025-08-24 at 12:00 ET, reached a high of $0.599, and closed at $0.552 by 12:00 ET on 2025-08-25. The total 24-hour volume was 1,161,478.24, with a notional turnover of $641,694.33, showing elevated activity during key bearish periods.

Price Structure and Candlestick Formations

The 24-hour price action featured a sharp bullish move from $0.577 to $0.599, followed by a rapid bearish reversal. Notable formations include a bearish engulfing pattern at 19:45 ET and a doji near $0.583, suggesting indecision. Key support levels are identified at $0.550 and $0.565, with resistance at $0.585 and $0.595 based on Fibonacci retracement levels and swing highs.

Moving Averages and Momentum

The 20- and 50-period moving averages on the 15-minute chart crossed in a bearish divergence near $0.585. On a daily scale, the 50-period MA appears to be a key resistance around $0.588. The MACD turned negative in the late afternoon, confirming the bearish reversal. RSI reached oversold levels around 10:45 ET, which may encourage short-term buyers.

Volatility and Bollinger Bands

Volatility expanded during the sell-off, with price dropping from the upper band at $0.599 to the middle band near $0.574 and briefly dipping near the lower band at $0.550. This expansion suggests a period of high uncertainty and could signal potential consolidation or a reversal if support holds.

Volume and Turnover Analysis

Volume spiked sharply during the sell-off at 19:45 ET, with over $287,115.94 in turnover, far exceeding earlier bullish periods. This bearish confirmation suggests strong selling pressure. However, recent turnover has declined, which could indicate a slowdown in the selloff and potential for a rebound if demand picks up at key support.

Forward-Looking View and Risk

Highstreet may test the $0.550 support level over the next 24 hours, with a potential bounce toward $0.565 if buyers reenter. However, a break below $0.550 could trigger further downside toward $0.540. Investors should remain cautious of volatility and potential short-term gaps, especially in a high-volume environment.