Market Overview: HIGHUSDT (Highstreet/Tether) – 24-Hour Analysis

• Price rose from 0.444 to 0.469, then retraced to close at 0.447 with strong volume.
• Momentum shifted sharply after 3:30 AM, with a bearish divergence in RSI and MACD.
• High volatility observed between 3:30 AM and 6:00 AM, with price breaking above 0.467 before a sharp correction.
• Bollinger Bands expanded during the early morning peak and compressed after the retracement.
• Volume spiked during the 5:45 AM–6:15 AM rally and again at 3:30 PM, aligning with price reversals.

Highstreet/Tether (HIGHUSDT) opened at 0.444 on 2025-10-09 at 12:00 ET and closed at 0.447 on 2025-10-10 at 12:00 ET, reaching a high of 0.469 and a low of 0.437. Total volume over the 24-hour period was 1,230,699.181 and notional turnover (amount) was 163. The pair exhibited a sharp bullish breakout early in the morning, followed by a strong bearish reversal in the afternoon.

Structure & Formations

The chart displayed a bearish engulfing pattern during the 3:30–3:45 PM ET timeframe, where a small bullish candle was followed by a larger bearish candle, indicating potential trend exhaustion. A doji formed at 8:45 AM, signaling indecision during a period of moderate volatility. Key support levels emerged at 0.447–0.448, while 0.467–0.469 acted as resistance during the morning rally. The price tested the 0.447 support twice, with the second test showing weaker rejection, hinting at potential further downside.

MACD & RSI

The MACD crossed below the signal line during the late afternoon, confirming bearish momentum after the 0.469 peak. The RSI reached 60–65 during the morning rally, suggesting overbought conditions, before plunging below 40 by 3:30 PM. This divergence between price and momentum indicators indicates a potential trend reversal.

Bollinger Bands

Bollinger Bands expanded significantly during the 3:30–6:00 AM ET rally, with price reaching the upper band at 0.469. After the peak, volatility decreased and the bands began to contract, with price settling near the lower band at 4:00 PM, signaling oversold conditions. A further expansion may indicate renewed volatility in the next 24 hours.

Volume & Turnover

Volume spiked during the 5:45 AM–6:15 AM and 3:30–4:00 PM ET windows, coinciding with major price reversals. The 3:30 PM volume spike (108,795.478) was the largest of the 24-hour period and accompanied a sharp drop from 0.469 to 0.458. Turnover also aligned with these spikes, confirming the strength of the moves. However, the price-volume divergence during the morning rally suggests weakening conviction among bulls.

Fibonacci Retracements

Applying Fibonacci levels to the 0.444–0.469 swing, the price fell to 0.618 retracement at 0.454 before stabilizing near 0.447. The 0.382 and 0.5 levels (0.456 and 0.457) were tested during the afternoon but failed to hold. This suggests that the 0.447–0.450 range may now become key support in the short term.

Backtest Hypothesis

The identified bearish engulfing pattern at 3:30 PM, combined with the RSI divergence and volume confirmation, supports a short-term bearish bias. A potential entry point could be placed near 0.450, with a stop-loss above 0.462 (the 0.618 level). A target of 0.443–0.441 aligns with the recent lows and the 0.437 intraday bottom. This strategy relies on the strength of Fibonacci retracements and the confirmation of bearish reversal patterns.