Market Overview: Highstreet/Tether (HIGHUSDT) on 2025-12-07

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Dec 7, 2025 8:33 pm ET1min read
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- HIGHUSDT formed bearish engulfing patterns near 0.248-0.250, testing 0.246 support with increased selling pressure.

- Surging volume during 04:00-05:00 ET confirmed short-term reversal as RSI hit oversold levels but failed to rebound above 0.247.

- Price fell below Bollinger Band midline during 12:00-14:30 ET, finding temporary support at Fibonacci 61.8% level (0.244).

- Current focus remains on 0.244-0.245 support; break below 0.242 could target 0.240-0.238, while a close above 0.247 may trigger a rebound.

Summary
• Price action formed bearish engulfing patterns near 0.248–0.250 and tested 0.246 as a key support.
• Volume surged during the early morning ET pullback, confirming a short-term reversal.
• RSI signaled oversold conditions in the 30–35 range, but prices failed to hold above 0.247.
• Volatility expanded during the 12:00–14:30 ET session, as price fell below Bollinger Band midline.
• Fibonacci 61.8% level at 0.244 aligned with intraday support, limiting further downside.

Price and Volume Performance


Highstreet/Tether (HIGHUSDT) opened at 0.247 on 2025-12-06 12:00 ET, peaked at 0.252, and closed at 0.243 as of 2025-12-07 12:00 ET. Total volume was 1,160,118.55 and turnover reached $287,610.15 over 24 hours, showing increased selling pressure during the sharp intraday decline.

Structure and Momentum


A bearish engulfing pattern formed around 0.248–0.250 before price dropped to test 0.246, where it found temporary support. The RSI dipped into oversold territory, but failed to generate a convincing rebound above 0.247. Bollinger Bands widened during the decline, confirming a move lower.
Volume surged during the 04:00–05:00 ET and 14:00–15:00 ET sessions, aligning with sharp price moves.

Volatility and Fibonacci Levels


Volatility spiked during the 12:00–14:30 ET period as price fell from 0.248 to 0.237. Price found brief relief at the Fibonacci 61.8% retracement level of 0.244, which coincided with a consolidation phase. MACD showed bearish divergence as the price moved lower while momentum weakened.

Forward-Looking Outlook


Price appears to be testing the 0.244–0.245 range as near-term support. A break below 0.242 could target 0.240–0.238. Conversely, a close above 0.247 may trigger a rebound toward 0.248–0.250. Investors should monitor volume and RSI for signs of exhaustion or reversal in the next 24 hours.