HIGH / TetherUS
Long

HIGHUSDT — Symmetrical Triangle A Major Breakout Is Approaching?

44
The pair HIGH/USDT is currently at a critical stage after experiencing a prolonged downtrend earlier this year. On the chart, we can clearly see the formation of a Symmetrical Triangle, marked by a descending resistance line from the $2.5 peak and a rising support line that has been holding since April 2025.

This type of pattern usually appears during a consolidation phase, where both buyers and sellers are competing to decide the next medium-term trend.

---

🔑 Key Highlights from the Chart:

1. The accumulation zone (0.45 – 0.55) has been tested multiple times since April and continues to hold — making it a critical demand area.


2. Price action is now squeezing into the apex of the triangle, suggesting that a major breakout is likely to occur soon.


3. Key resistances: 0.681 → 0.771 → 1.078 → 1.397 → 1.591 → 2.022 → 2.421.


4. Key supports: 0.45, with the last major floor at 0.339. A breakdown here would strengthen the bearish case.

---

📈 Bullish Scenario

A breakout above the descending trendline and a confirmed 2D candle close above 0.68–0.77 would open the door for a strong rally.

Short-term targets: 0.77 → 1.08 → 1.40

Mid-term targets: 1.59 → 2.02 → 2.42

Full measured move target: 2.63 – 2.76

Confirmation: Breakout must come with rising volume + successful retest.

---

📉 Bearish Scenario

Failure to hold above 0.45 would invalidate the triangle pattern and likely lead to further downside.

First bearish target: 0.339 (previous low).

If broken, extended bearish measured move could reach around 0.12 (extreme scenario).

Confirmation: 2D close below 0.45 with strong selling volume.

---

🧭 Conclusion

HIGH is at a decisive turning point.

Bulls need a confirmed breakout above 0.68–0.77 to shift momentum and reclaim medium-term strength.

Bears will dominate if 0.45 breaks, pushing price back to 0.339 or lower.

Until confirmation, the setup remains neutral, but the tightening triangle indicates that a large move is imminent.

---

#HIGHUSDT #HIGH #Crypto #TechnicalAnalysis #SymmetricalTriangle #Breakout #Bullish #Bearish #Altcoin #SupportResistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.