Market Overview for Highstreet/Tether (HIGHUSDT)

• Price rose to 0.549 before retracting to 0.536, forming a bullish pennant pattern near key support.
• Momentum remains mixed, with RSI hovering near 50 and MACD flat, suggesting indecision.
• Volatility surged during the 23:30–00:30 ET period, but turnover did not confirm strong directional bias.
• Bollinger Bands widened during price swings, indicating heightened uncertainty.
• Volume spiked at 02:00 and 08:30 ET, aligning with price rebounds and breakout attempts.

Highstreet/Tether (HIGHUSDT) opened at 0.542 on 2025-09-15 at 12:00 ET, reached a high of 0.549 and a low of 0.533, and closed at 0.549 at 12:00 ET on 2025-09-16. Total volume amounted to 366,636.279 and turnover reached 194,189.517 USD over the 24-hour window. The pair showed choppy action with multiple failed breakouts before a late rally confirmed a bullish bias.

Structure & Formations

The price formed a bullish pennant pattern after a sharp move up to 0.549, followed by consolidation and a rebound off key support at 0.539. A doji formed at 01:00 ET, signaling potential exhaustion in the short-term downtrend. The pattern may resolve upward if 0.549 is taken out on strong volume.

Moving Averages

On the 15-minute chart, price spent most of the session above the 20-period SMA, briefly dipping below at 02:00 ET before reclaiming it. The 50-period SMA remained above the 20-period SMA, indicating a bullish crossover bias. On a daily timeframe, the 50-period SMA was near 0.543, supporting the idea that the current level represents a key Fibonacci 61.8% retracement from the recent swing low.

MACD & RSI

The MACD histogram hovered around the zero line, with a slight positive divergence suggesting building bullish momentum toward the close. RSI fluctuated between 45 and 60, indicating moderate strength with no overbought conditions. This implies that the pair may continue to consolidate or push higher in the short term.

Bollinger Bands

Price activity showed volatility expansion from 21:00 to 00:00 ET, with bands widening as traders reacted to news or orders. By the morning, bands had slightly contracted, suggesting a period of consolidation. The price closed near the upper band at 0.549, indicating short-term strength.

Volume & Turnover

Volume surged above average during the 23:00–00:30 and 08:30–09:00 ET periods, coinciding with key price levels at 0.549 and 0.539. Notional turnover rose in sync with these volume spikes, providing price confirmation. However, a divergence occurred at 02:00 ET, where volume was high, but the price failed to break below the 0.539 level.

Fibonacci Retracements

Applying Fibonacci to the recent swing low (0.533) and high (0.549), the price found support at the 61.8% level (0.539) and attempted to test the 78.6% extension (0.551) at the end of the session. A close above 0.549 could suggest a retest of the 127.2% level at 0.556.

Backtest Hypothesis

Given the current structure, a potential backtest strategy could involve going long on a bullish breakout above 0.549, with a stop-loss placed below 0.539. Traders could target a first profit target at 0.551 and a second at 0.556, aligning with Fibonacci projections. The recent consolidation and volume confirmation at key levels make this approach plausible. Integrating MACD divergence and RSI above 50 as entry filters could help filter false breakouts.