Market Overview for Highstreet/Tether (HIGHUSDT) – 2025-10-04

• Highstreet/Tether (HIGHUSDT) ended 24-hour period at 0.487, down from 0.497, with bearish momentum evident.
• Price tested and failed at 0.504, now consolidating near 0.48–0.49 support cluster.
• Volatility increased during early ET hours, but volume declined in later bearish moves.
• RSI shows oversold conditions near 30, while MACD signals weakening bullish momentum.
• Bollinger Bands widen post-10 PM ET, reflecting elevated volatility before retracement.

At 12:00 ET–1 on 2025-10-03, HIGHUSDT opened at 0.494, reached a high of 0.510, and closed at 0.487 by 12:00 ET. The 24-hour total volume was approximately 649,087.24 with a notional turnover of ~$318,836.23, indicating moderate but directional trading activity.

1. Structure & Formations

Price formed a bearish reversal pattern around 0.504 after failing to hold the 0.504–0.510 range, with a bearish engulfing pattern visible during the early ET hours. A consolidation phase developed between 0.48–0.495, with a potential key support at 0.48 and resistance at 0.497. A long-legged doji formed near 0.492, suggesting indecision and potential reversal.

2. Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line during the early ET pullback, indicating a bearish bias. On the daily timeframe, the 50-period MA is above the 100 and 200-period lines, suggesting continued short-term bearish pressure.

3. MACD & RSI

MACD lines crossed below the signal line post-10 PM ET, signaling bearish momentum, with the histogram showing decreasing bearish strength. RSI dipped below 30 in the early hours of 10/04, indicating oversold conditions, although price did not retest the 0.48–0.49 support level aggressively enough to confirm a reversal.

4. Bollinger Bands

Bollinger Bands expanded significantly post-10 PM ET as price volatility increased, with HIGHUSDT closing near the lower band at 0.487, suggesting potential for a rebound or continuation of the downward trend.

5. Volume & Turnover

Volume peaked at 129,173.69 at 3:30 PM ET during the initial bearish break, followed by a sharp decline in volume and turnover during the consolidation phase. A divergence appeared between price and volume in the 0.48–0.49 range, where price tested support multiple times but volume waned, signaling weakening bearish conviction.

6. Fibonacci Retracements

On the 15-minute chart, price retraced 61.8% of the recent bullish swing from 0.487 to 0.510 at around 0.497, which acted as resistance. Daily Fibonacci levels suggest a key support at 0.476 (61.8% of the larger bearish leg) if the current trend continues.

7. Backtest Hypothesis

A potential backtest strategy could focus on shorting HIGHUSDT at the 61.8% Fibonacci level (0.497) during bearish breakouts with confirmatory MACD divergence and declining volume. Long entries may be considered near 0.48–0.484 if RSI remains oversold and Bollinger Bands indicate tightening volatility, but only with a strict stop-loss above 0.503.