Highstreet Crypto Prediction: Will HIGH End Consolidation?

The Highstreet price prediction suggests that bears and bulls have not yet fully understood the trend. Investors may prefer to wait for multiple technical indicators to converge to determine trend direction. The green candle is increasing slightly, indicating that the HIGH price is attracting buyers in the demand zone.

Investor sentiment on the Highstreet price is currently undecided and may remain negative unless buyers actively participate. However, given the technical indicators and price action, the odds are in favor of the bulls.

Highstreet cryptocurrency will attract buyers toward the upper trend line of the consolidation phase on the daily chart. Meanwhile, the Highstreet cryptocurrency price is trying to find support and rise towards the 20-day, 50-day, 100-day and 200-day moving averages. 

Highstreet cryptocurrency is consolidating with a horizontal price range from $1.561 and $1.040. However, the price of Highstreet cryptocurrency rose by about 3.09% in one week, and rose by 12.72% in one month.

Additionally, the price of HIGH cryptocurrency rose by approximately 26.01% over the past three months and dropped approximately 33.62% over the past six months. However, the Highstreet cryptocurrency chart shows a downward trend in May. However, analysts believe that the price of the cryptocurrency may rebound from low levels.

Highstreet Crypto Price Has Been Consolidating Inside the Price Range

To reach the upper limit of the consolidation phase, the price of Highstreet cryptocurrency must rise. However, for the Highstreet cryptocurrency to enter the recovery phase, it needs more buyers. Meanwhile, the price of Highstreet cryptocurrency fell below the 20-day, 50-day, 100-day, and 200-day moving averages. 

Additionally, Highstreet cryptocurrency should break out of the consolidation phase on the daily chart. Technical indicators highlight a consolidation phase on the chart. The Relative Strength Index (RSI) shows the sideways momentum of the Highstreet cryptocurrency. RSI was at 54.43 and is moving towards oversold territory.

MACD highlights the consolidation phase of the price of Highstreet cryptocurrency. The MACD line is placed above the signal line and waits for any type of crossover. Highstreet cryptocurrency investors should wait for a change in direction on the daily chart.

Summary

On the daily chart, the price of the Highstreet cryptocurrency was consolidating between $1.561 and $1.040. However, to accelerate towards the recovery phase, Highstreet cryptocurrency needs to accumulate buyers. Technical indicators indicate a period of price consolidation for the HIGH cryptocurrency. Highstreet cryptocurrency investors should monitor directional changes on the daily chart.

Technical Levels

Support Levels: $1.040. 

Resistance levels: $1.561.

Disclaimer

The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.