HIGHUSDT — Symmetrical Triangle A Major Breakout Is Approaching?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.
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🔑 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.
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📈 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.
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📉 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.
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🧭 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.
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