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

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.