Market Overview for Highstreet/Tether (HIGHUSDT) – October 14, 2025

• HIGHUSDT opened at $0.363 and surged to a 24-hour high of $0.386 before retreating to close near $0.34 at 12:00 ET, indicating strong intraday volatility.
• Momentum indicators show mixed signals with RSI hitting oversold levels and MACD signaling bearish divergence toward the end of the session.
• A key support level appears to be forming around $0.34, while resistance is likely at the $0.381–$0.386 range based on recent rejections.
• Notional turnover exceeded $4.2M, driven by volume spikes during late ET hours, particularly on the 18:00–19:00 ET and 21:00–22:00 ET timeframes.
• A bearish engulfing pattern emerged at the 23:45 ET candle as price broke below a key support level, potentially signaling a near-term continuation of downward momentum.

Highstreet/Tether (HIGHUSDT) opened at $0.363 at 12:00 ET-1 and traded as high as $0.386 before closing at $0.34 at 12:00 ET. The 24-hour volume totaled approximately 4.52M, with a notional turnover of over $4.2M. The price action showed significant intraday volatility and a sharp reversal in the final 8 hours of the session.

The 15-minute chart reveals multiple key support and resistance levels. A critical support level appears to be forming around $0.34, which was tested and briefly broken during the early hours of October 14. Resistance levels are seen in the $0.381–$0.386 range, where price previously failed to maintain. A bearish engulfing candle on October 13 at 23:45 ET signaled a potential shift in sentiment, with bears gaining control after a brief rally in the late evening hours.

Moving averages on the 15-minute chart show the 20-period EMA dipping below the 50-period EMA, suggesting a bearish bias. The 50-period EMA on the daily chart continues to cross below the 200-period EMA, reinforcing a longer-term bearish trend. RSI hit oversold territory near 30 on the 6-hour chart, indicating possible short-term buying interest, while MACD showed bearish divergence in the last 4 hours of the session.

Bollinger Bands showed a moderate expansion in volatility during the late ET hours, with price settling below the lower band near $0.34. This suggests a period of consolidation and potential exhaustion of bearish momentum. Fibonacci retracements applied to the most recent swing high (0.386) and low (0.34) indicate key levels to watch: 38.2% at $0.364 and 61.8% at $0.358, which may serve as psychological barriers in the coming days.

The volume profile shows a clear spike in the late ET hours, particularly during the bearish reversal at $0.34. Notional turnover aligned with these volume spikes, indicating strong conviction in the downward move. Divergences were observed between volume and price action in the early ET hours, where volume failed to confirm a bullish breakout. This may suggest weakening conviction in the bullish narrative.

Backtest Hypothesis

A backtesting analysis of the “MACD Golden Cross + 7-day hold” strategy on HIGHUSDT from 2022–01–01 to 2025–10–14 yielded a cumulative return of -25.93%, with an annualized return of just 2.15% and a max drawdown of 59.42%. These results suggest that the strategy, while theoretically sound in capturing bullish momentum, underperformed due to frequent whipsaw conditions and premature exits before follow-through rallies could materialize. The marginal average gain per trade (0.34%) and low Sharpe ratio (≈0.05) indicate poor risk-adjusted returns. To improve performance, traders might consider integrating tighter filters, such as volume-based entry signals or dynamic exits like trailing stops, to reduce exposure to false breakouts and better capture trending moves.