HIGH (Highstreet) forecast for 2024 year

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HIGH (Highstreet) forecast

Fundamental analysis and news

Greetings. My name is Victor, and today we will be doing a fundamental analysis and technical review of the crypto asset Highstreet (HIGH). Highstreet is a cryptocurrency project that focuses on a metaverse that offers virtual stores, shopping malls, game elements and quests, as well as social interactions and events. It gives users the opportunity to interact with each other in a virtual environment.

Highstreet ranks 379th in the CoinMarketCap ranking with a market capitalisation of $100 million. The project has stable support and a large audience, including 100,000 followers on Twitter (known as X) and an active community on Medium. Over the past 30 days, Highstreet has introduced new partnerships, functional improvements, and security and transparency measures, which indicates the project’s active development and positive prospects for the future.

Technical analytics of HIGH (Highstreet)

Now let’s move on to the technical analysis of Highstreet (HIGH). On the monthly timeframe, you can see that the HIGH price reached its highest levels in 2021, quickly falling to the red Fibonacci zone. Last autumn, bitcoin showed significant growth, but HIGH failed to maintain this level and returned to lower levels.

On the weekly chart, you can see a trend line that runs between the maximum prices of May this year and the beginning of 2023. If the project develops along with the alt-season, the price of HIGH could rise up to 10x, returning to its 2021 highs. The stochastic indicator shows a blue arrow, which usually indicates a possible reversal and the beginning of a new growth.

It’s also important to pay attention to trading volumes: there was a massive token drain, which led to a significant price drop. We are now seeing an accumulation phase that could lead to new growth. Technical analysts point to the possibility of HIGH growth if the project continues to develop.

Bitcoin forecast, BTC (Bitcoin)

Regarding Bitcoin (BTC), I see it currently forming a corridor between 60,000 and 64,000. Recently, we saw a quick move down to 57,000, followed by a pullback to the top of the range. This indicates significant volatility and active trading, which could lead to further growth.

The oscillator indicator (oscillator) shows a red dot, which indicates a possible decline. However, when this indicator returns to the initial growth zone, we can expect a new upward movement. It is important to follow the different trading sessions, as the Asian session often shows significant rate changes.

Highstreet

To sum up, we can say that Highstreet (HIGH) has positive prospects for the future thanks to the active development and support of the community. Technical analytics indicate the possibility of a significant price increase after the accumulation phase. Bitcoin (BTC) also shows significant volatility and the possibility of further growth after the current corridor is completed.

It is important to pay attention to news and indicators to make informed investment decisions. Keep in touch with the community, discuss your thoughts, and follow the updates to keep abreast of all the changes in the cryptocurrency market. Remember that this is not a financial recommendation, but only information for your consideration. I wish you successful crypto trading and investments!
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