Market Overview: Highstreet/Tether (HIGHUSDT) on 2025-12-29

Monday, Dec 29, 2025 6:08 pm ET1min read
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- HIGHUSDT traded between $0.215 and $0.220, with 61.8% Fibonacci support at $0.215 acting as key level.

- Volume surged during 18:15-18:30 ET dip to $0.215, confirming bearish momentum despite overnight bullish engulfing pattern.

- RSI remained neutral while Bollinger Bands showed moderate volatility, with price frequently touching midline during consolidation.

- Bearish pinocchio candle at $0.220 and flat moving averages suggest continued sideways bias despite short-term buying pressure.

- Market awaits divergence in volume/RSI or breakout above $0.220 to determine next directional move amid 24-hour $238k turnover.

Summary
• Price consolidated between $0.215 and $0.220, with resistance at $0.220 and support near $0.215.
• Volume spiked during the 18:15–18:30 ET dip, confirming downward momentum.
• RSI hovered in neutral territory, with no clear overbought or oversold signals.
• Bollinger Bands showed moderate volatility, with price frequently touching the midline.
• A bullish engulfing pattern emerged near $0.215 during the overnight recovery.

Highstreet/Tether (HIGHUSDT) opened at $0.219 on 2025-12-28 12:00 ET and closed at $0.216 by 2025-12-29 12:00 ET, with a high of $0.220 and low of $0.212. Total volume amounted to 1,082,563.25, and notional turnover reached $238,950.52 over 24 hours.

Structure & Formations


Price spent most of the session consolidating between key support at $0.215 and resistance at $0.220. A bullish engulfing pattern formed near $0.215 during the overnight recovery, suggesting short-term buying pressure. A bearish pinocchio candle appeared at $0.220, hinting at failed attempts to break above.

Moving Averages and Momentum


The 20-period and 50-period moving averages on the 5-minute chart remained relatively flat, reflecting the sideways bias. The 50-period daily MA is above the current price, suggesting a longer-term bearish bias. MACD showed little directional momentum, while RSI remained in neutral territory, avoiding overbought or oversold extremes.

Volatility and Volume Dynamics


Bollinger Bands reflected moderate volatility, with price often hovering near the midline. Notably, volume surged during the 18:15–18:30 ET dip to $0.215, confirming the bearish move. Volume was generally consistent throughout the session, with no significant divergence between price and volume.

Fibonacci and Key Levels

Fibonacci retracement levels from the recent high of $0.220 to the low of $0.212 showed key areas at 38.2% ($0.217) and 61.8% ($0.215). Price action appears to have respected these levels, particularly the 61.8% retracement, which acted as strong support.

The market appears poised for further consolidation in the near term, with potential for a test of the $0.215 support or a breakout above $0.220. Investors should watch for divergence in volume or RSI to confirm any directional shift. As always, liquidity conditions and broader market sentiment could influence outcomes in the next 24 hours.