Market Overview: Highstreet/Tether (HIGHUSDT) 24-Hour Price Action

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Sunday, Jan 18, 2026 5:47 pm ET1min read
HIGH
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Aime RobotAime Summary

- HIGHUSDT plummeted 9.09% to 0.228, with oversold RSI and key support at 0.227–0.229.

- Volume spiked to 6.1M during rebound attempts, while Bollinger Bands widened, signaling heightened volatility.

- Bearish engulfing patterns and failed Fibonacci resistance at 0.265/0.255 confirm prolonged downward bias.

- MACD deepened bearishness, and RSI divergence suggests temporary consolidation before potential further decline below 0.227.

Summary
• Price declined 9.09% from 0.239 to 0.228, with oversold RSI and a potential support cluster around 0.227–0.229.
• Volume surged near 6.1M on the 5-min chart during the bullish rebound attempt after the sharp drop.
• Bollinger Bands showed a moderate expansion during the sell-off, indicating increased volatility.
• A bearish engulfing pattern formed near 0.239–0.237, followed by a long lower shadow at 0.23–0.232.

24-Hour Performance

At 12:00 ET–1, Highstreet/Tether (HIGHUSDT) opened at 0.239 and reached a high of 0.283 before closing at 0.228 at 12:00 ET. The low for the period was 0.226. Total 24-hour volume was approximately 14.7 million units, with notional turnover of around 3.32 million USDT.

Structure & Moving Averages

Price broke below key 5-minute support levels at 0.239 and 0.237, triggering a sharp bearish move. The 20-period and 50-period moving averages on the 5-minute chart remained bearish throughout the session, confirming the downward bias. On the daily timeframe, price sits well below all major moving averages (50/100/200), indicating bearish alignment across timeframes.

MACD and RSIa detailed financial chart showing a bearish engulfing pattern with a long lower shadow and an RSI dipping into oversold territory

The MACD turned deeply bearish during the sell-off, with a negative histogram expansion. RSI dipped into oversold territory below 30 during the final hours, suggesting potential for a short-term bounce, though a reversal is not guaranteed. The RSI divergence between price and momentum during the afternoon rebound may signal a temporary pause in the downtrend.

Bollinger Bands and Volatility

Volatility expanded as the 5-minute Bollinger Bands widened during the sharp drop. Price briefly traded outside the lower band at 0.227–0.229, reinforcing the idea of a short-term support area. The bands have since contracted slightly, indicating a potential consolidation phase.

Volume and Turnover

A major spike in volume occurred at 21:00 ET, when price jumped from 0.245 to 0.283. This was followed by a massive selloff with volume exceeding 6 million units, suggesting aggressive distribution or panic selling. Turnover closely aligned with volume, showing strong conviction in both directions.

Fibonacci Retracements

Fibonacci levels drawn from the 0.245–0.283 move identified 0.265 (38.2%) and 0.255 (61.8%) as potential resistance areas. Price tested and failed at both levels, confirming bearish bias. On the downswing, 0.234 and 0.227 align with key Fibonacci support levels, where price may find a temporary floor.

In the next 24 hours, a test of the 0.227 support level could trigger a short-term bounce if buying pressure increases. However, a breakdown below 0.227 may extend the downtrend toward 0.223. Investors should monitor volume for signs of reversal or continuation.