HIGHUSD Surges Over 100% in Two Weeks, $0.80 Resistance in Focus

HIGHUSD surged more than 15% today after a massive sell-off from high of $9.31. The pair surged more than 100% from a minor bottom $0.344 in past two weeks. It hits an high of $0.77 at the time of writing  and is currently trading around $0.639.

Overall bias remains bullish as long as support $0.30 holds. It trades above the 34 and 55 EMA on the 4-hour chart. Near-term support  is around $0.58 , any breach below targets $0.48/$0.40.  If the pair closes below $0.20, potentially leading to further declines towards $0.15/$0.10.

Immediate Resistance is at $0.80. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $1.05/$1.15/$1.38/$1.65.

Indicators (4-Hour Chart)

• Directional Movement Index: Bullish
   
• CCI (50): Bullish

Trading Strategy

It is good to buy on dips around $0.55 with a stop-loss set at $0.40 and a target price of $0.635.