Market Overview for Highstreet/Tether (HIGHUSDT) on 2025-10-13

• Price rose from 0.33 to 0.368 as buyers took control after 14:00 ET.
• Volume surged past 200k, confirming bullish momentum in final hours.
• RSI reached overbought territory, hinting at short-term pullback risk.
• Key resistance now at 0.369–0.370, with support at 0.349–0.352.
• Bollinger Bands show increasing volatility, aligning with breakouts.

The 24-hour session for Highstreet/Tether (HIGHUSDT) opened at 0.33 at 12:00 ET–1 and closed at 0.367 by 12:00 ET, reaching a high of 0.369 and a low of 0.328. Total trading volume amounted to 2,506,736.87, with notional turnover reaching $905,250.48 over the 24-hour window. Price saw a sharp upward move after 14:00 ET, with volume surging past 200k in the final four hours, confirming renewed buying interest.

Price action featured a strong bullish trend, particularly between 13:45 ET and 16:00 ET, during which HIGHUSDT climbed from 0.358 to 0.367, forming a series of higher highs and higher lows. Key resistance levels emerged at 0.369–0.370, while the 0.349–0.352 zone appears as critical support. Candlestick patterns, including bullish engulfing and strong white candles, confirmed the upward shift in sentiment.

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The 20-period and 50-period moving averages on the 15-minute chart indicate that price has consistently traded above both, reinforcing the bullish bias. RSI reached 75–80 in the final hours, suggesting overbought conditions and potential consolidation ahead. MACD remained positive with a narrowing histogram, indicating slowing momentum. Bollinger Bands widened significantly as volatility surged, with price touching the upper band multiple times in the last 3 hours, suggesting a possible near-term reversal.

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The Fibonacci retracement levels from the recent swing (0.328 to 0.369) indicate potential pullback targets at 0.355 (38.2%) and 0.347 (61.8%). A break of 0.349 could extend the correction, but the strong volume on the rally suggests buyers are still dominant. Divergence between price and volume remains minimal, with the largest volume spikes aligning with key upward moves.

Backtest Hypothesis
To evaluate the strength of the recent bullish trend, a backtest could be designed around the Bullish Engulfing pattern, which appeared on the 15-minute chart at key inflection points. For example, the candle at 19:15 ET (0.339 to 0.344) and the one at 13:45 ET (0.353 to 0.358) both formed strong engulfing patterns, leading to follow-through buying. A strategy based on entering a long position on a confirmed Bullish Engulfing pattern, with a 3-day holding period, could offer insight into the predictability of this move. The next step would be to identify all such patterns since 2022-01-01 and test their performance on HIGHUSDT.

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