Market Overview for Highstreet/Tether (HIGHUSDT): November 12, 2025

Summary
• Price declined from 0.306 to 0.297 in 24 hours, with bearish momentum.
• Volatility increased with multiple downward breaks below key support levels.
• Volume spiked during the 18:00–20:00 ET window, confirming bearish sentiment.

Highstreet/Tether (HIGHUSDT) opened at 0.304 on November 11, 2025, reached a high of 0.306, fell to a low of 0.282, and closed at 0.297 on November 12. Total volume over the 24-hour period was 2.02 million, with a notional turnover of $598,150. The asset has been in a bearish consolidation, with bearish momentum gaining traction.

Structure & Formations

Price action on HIGHUSDT shows multiple breaks below key psychological levels, with a recent support zone forming near 0.290–0.292. A bearish engulfing pattern emerged during the 18:00–19:00 ET window, followed by a potential bearish continuation with lower highs and lower lows. A doji formed at 0.290, hinting at a possible pause or pullback.

Moving Averages

On the 15-minute chart, the 20-period MA and 50-period MA appear to be in a bearish crossover, supporting downward bias. On the daily chart, the 50-day and 100-day MAs are aligned in a downtrend, reinforcing the bearish bias. The 200-day MA provides a long-term resistance above 0.300, which remains untouched.

MACD & RSI

MACD has remained bearish with a negative histogram, indicating sustained bearish momentum. The RSI has dipped below 30 during the 20:00–22:00 ET window, suggesting oversold conditions, though bearish divergence persists.

Bollinger Bands

Price has remained within the Bollinger Bands, with a recent contraction observed between 18:00–19:00 ET. This was followed by a breakout to the lower band, confirming increased volatility and bearish bias.

Volume & Turnover

Volume spiked during the 18:00–20:00 ET timeframe, coinciding with a sharp decline from 0.301 to 0.290. Notional turnover increased in tandem, confirming the bearish action. Divergences were not observed, suggesting price and volume aligned in the bearish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.282–0.306 swing, key levels include 0.293 (38.2%) and 0.289 (61.8%). Price recently tested the 61.8% level and appears to be consolidating near 0.290–0.292 for the next 24 hours.

Backtest Hypothesis

The historical backtest of the HIGHUSDT pair against its 50-day MA and MACD Death Cross suggests a mixed impact. While a bullish signal is generated when the pair moves above its 50-day MA, the MACD Death Cross has had limited bearish influence on HIGHUSDT. This is consistent with the current chart pattern, where a bearish setup persists without a clear bearish reversal, supporting the idea that broader trend dominance may override short-term bearish signals. Traders should focus on price action and additional indicators to confirm any reversal potential.

Looking ahead, traders should monitor the 0.290–0.292 support zone for potential consolidation or a rebound. A break below 0.290 could target 0.288 and 0.286, but risks remain skewed to the downside in the short term.