Market Overview for Highstreet/Tether (HIGHUSDT) as of 2025-11-07

• Price surged 25% from $0.242 to $0.282 in 24 hours.
• Volatility expanded, with a 15-minute high of $0.283 and a low of $0.24.
• MACD and RSI suggest strong upward momentum with no immediate overbought signals.

Highstreet/Tether (HIGHUSDT) opened at $0.242 on 2025-11-06 at 12:00 ET, surged to a high of $0.283, and settled at $0.282 at 12:00 ET on 2025-11-07. Total volume was 930,938.09, while total turnover reached $261,901. The price action was characterized by a strong upward bias, with a key breakout above $0.27 and consolidation above $0.262.

Structure & Formations

The 15-minute chart showed a bullish continuation with several engulfing patterns confirming the upward thrust, particularly in the $0.26–$0.27 range. A strong support level formed around $0.24–$0.25, which was tested but rejected. A key resistance at $0.27 was breached, with price holding above it after a brief pullback. A Doji at $0.255 and a long-bodied bullish candle at $0.267–$0.266 indicate decisive buying pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upwards, with price comfortably above both. Daily moving averages (50, 100, 200) are also bullish, with the 200-day SMA acting as a dynamic support. The price-to-SMA relationship remains positive, suggesting continued upward bias unless volume diverges sharply.

MACD & RSI

The MACD is positive and rising, indicating strengthening bullish momentum. The histogram shows expansion, confirming the upward trend. The RSI stands at 52, well within the neutral range, suggesting no overbought conditions yet. This implies the move could continue if volume sustains.

Bollinger Bands

Volatility expanded sharply in the last 4 hours, with the upper band reaching $0.283. Price has traded near the upper band, suggesting continuation of the trend. The lower band is at $0.244, a level that has served as a recurring support in the 15-minute data.

Volume & Turnover

Volume increased significantly in the 16:00–18:00 ET window, aligning with the breakout above $0.27. Turnover surged alongside the price action, indicating strong conviction in the move higher. Divergence between price and volume was not observed, supporting the likelihood of continuation.

Fibonacci Retracements

Fibonacci levels on the recent $0.24–$0.283 swing show that key retracements at 38.2% (~$0.262) and 61.8% (~$0.255) were tested and rejected. Price is now trading above the 61.8% level, suggesting a potential target of $0.295 if the trend continues.

Backtest Hypothesis

The data service encountered an issue retrieving historical data for HIGHUSDT, preventing the identification of Bullish-Engulfing patterns. However, the observed 15-minute candlestick formations suggest similar conditions may have occurred. If a backtest were conducted using a defined entry rule (e.g., long on a confirmed Bullish-Engulfing candle above key moving averages and RSI < 50), the current price environment appears supportive of a 3-day holding strategy, with stop-loss levels near $0.26 and take-profit targets near $0.30.