Highstreet/Tether (HIGHUSDT) Market Overview – 2025-09-26

• Price declined from 0.472 to 0.454 over 24 hours, with significant downward momentum in early trading.
• Volume surged to 94,481.071 at 01:00 ET, confirming a bearish breakdown.
• A bearish engulfing pattern formed on 2025-09-25 18:00 ET, followed by a consolidation phase.
• RSI approached oversold levels but failed to trigger a rebound, suggesting bearish exhaustion may not be immediate.
• Volatility remained moderate, with price staying within a 0.446–0.466 range for most of the session.

At 12:00 ET on 2025-09-26, Highstreet/Tether (HIGHUSDT) opened at 0.471, hit a high of 0.473, fell to a low of 0.446, and closed at 0.454. Over the 24-hour window, total volume reached 1,539,381.064 with notional turnover of 715.523 USD. A bearish bias emerged early, with a strong breakdown around 18:00 ET and a subsequent consolidation phase.

Structure & Formations

The 15-minute OHLC data shows a bearish engulfing pattern at 18:00 ET, forming on a high-volume candle that reversed the early morning uptrend. A key support level emerged around 0.453–0.454, where the price consolidated for several hours. A potential resistance zone is identified at 0.461–0.463, marked by failed bullish attempts in the latter half of the session. A morning doji at 06:00 ET signaled indecision, while a long bearish candle at 17:45 ET confirmed bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key price levels around 18:00 ET, reinforcing the bearish move. On the daily chart, the 50-period MA sits at ~0.459, above the 200-period MA (~0.464), indicating a mildly bearish bias in the longer term. The 100-period MA (~0.462) serves as a critical short-term resistance level. Price has spent most of the session below both the 20 and 50-period MAs, suggesting downward pressure is intact.

MACD & RSI

The MACD showed a bearish crossover around 18:00 ET, with the signal line moving below the histogram. Negative divergence appeared as the histogram expanded during the 19:00 ET–20:00 ET window. The RSI dipped into the 28–30 range around 10:00–11:00 ET, reaching near-oversold territory but failing to trigger a bounce. This suggests bearish momentum may still persist, and a rebound should be treated cautiously.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with the 20-period band width contracting from 19:00–21:00 ET, signaling a potential breakout. At 18:00 ET, a sharp drop broke below the lower band, confirming a bearish move. The bands have since widened again, indicating increased volatility and a continuation of range-bound to bearish behavior.

Volume & Turnover

Volume spiked significantly at 01:00 ET with 94,481.071 traded units, coinciding with a large bearish candle and a breakdown to new intraday lows. This volume confirmed the bearish breakout. However, in the afternoon, volume dropped off despite attempts to rally, suggesting bulls lacked conviction. Notional turnover followed the same trend, with the largest turnover occurring around 01:00 and 18:00 ET.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.472 (2025-09-25 16:00 ET) to 0.446 (2025-09-26 08:00 ET) highlights key retracement levels at 0.460 (38.2%) and 0.466 (61.8%). Price bounced off the 0.453–0.454 level, which overlaps with the 23.6% retracement, suggesting a short-term floor is in place. On the daily chart, the 38.2% retracement aligns with the 50-period MA (~0.459), a potential turning point if bulls regain control.

Backtest Hypothesis

A potential backtest strategy involves identifying bearish engulfing patterns confirmed by high-volume breakdowns and using Fibonacci levels to define short-term targets and stops. A sell signal would be triggered at the close of the engulfing candle, with a stop placed above the 61.8% retracement level (0.466). A take-profit target is set at the 23.6% retracement level (0.453). This strategy appears to align with the observed price behavior, particularly at 18:00 ET, where volume and price action confirmed the bearish reversal.