Market Overview for Highstreet/Tether (HIGHUSDT) on 2025-09-21

• Price surged from 0.550 to 0.571 before consolidating near 0.556
• Momentum slowed in late ET hours amid high volume near key resistance
• Volatility expanded during early morning ET, then narrowed into a consolidation phase
• RSI suggests overbought conditions earlier, now neutralizing toward equilibrium
• Bollinger Bands indicate recent tightening, suggesting potential breakout risk

The Highstreet/Tether pair (HIGHUSDT) opened at 0.550 on 2025-09-20 at 12:00 ET and climbed to a high of 0.571, before retracing to a 24-hour low of 0.550 and closing at 0.556 by 12:00 ET on 2025-09-21. Total traded volume over the 24-hour period amounted to 1,321,889.51 HIGH and a notional turnover of $731,898.60 (based on USD volume at close prices). The price moved within a defined range, showing both bullish and bearish pressures.

Structure & Formations

The 24-hour chart exhibited a clear bullish breakout above 0.556, followed by a retracement that tested the level again. A key support zone emerged between 0.552 and 0.554, where the price found a bottom after a sharp decline in the early morning ET hours. A series of bearish engulfing patterns appeared around 0.556–0.557, suggesting a reversal or consolidation. A doji formed at 0.558 shortly after 06:00 ET, indicating indecision among traders. Resistance appears to be forming near 0.558–0.560.

Moving Averages

On the 15-minute chart, the price moved above both the 20-EMA and 50-EMA, reinforcing the short-term bullish trend. On a daily scale, the 50-SMA and 100-SMA crossed over in the previous days, signaling a potential shift in momentum. The 200-SMA currently lies at 0.553, acting as a strong support level that has been tested twice in the last 24 hours.

MACD & RSI

The MACD line showed a positive divergence in the early morning, peaking near 0.0015, followed by a consolidation and slight bearish crossover in the last 4 hours. The RSI reached overbought territory (above 65) during the morning ET hours, but has since pulled back into neutral ground (around 52). This suggests that while the bullish momentum remains, it is showing signs of exhaustion.

Bollinger Bands

Volatility expanded significantly during the early morning ET, with the price reaching the upper band at 0.571. After that, the bands contracted, indicating a period of consolidation. The closing price at 0.556 sits just below the midline of the bands, suggesting that the market is preparing for a potential breakout or continuation move.

Volume & Turnover

Volume spiked around key levels, especially near 0.556 and 0.558, with the largest single-volume candle (100,472.82 HIGH) occurring at 09:30 ET when the price dropped from 0.558 to 0.551. Despite this, turnover remained consistent throughout the session, with no major divergences between volume and price action. The final 6 hours of the session saw a slight drop in volume, suggesting a possible lack of conviction in the current price levels.

Fibonacci Retracements

Applying the Fibonacci levels to the 15-minute swing from 0.550 to 0.571, key retracement levels are now at 0.562 (38.2%) and 0.556 (61.8%). The price has bounced at or near both of these levels multiple times in the last 24 hours. On a daily scale, the 38.2% and 61.8% retracements from the previous week’s swing range sit at 0.556 and 0.551, respectively—both of which have been tested and held during the current session.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a bullish breakout above the 0.556 level, as confirmed by the 50-EMA crossing above the 20-EMA, with a stop-loss just below 0.552. This setup aligns with the observed bearish engulfing patterns and dojis suggesting resistance above 0.556. A trailing stop could be used to lock in profits as the price continues above the 0.558 upper Bollinger Band. This strategy would be most effective during periods of rising volume and positive MACD divergence, as seen in the early morning ET hours.