Highstreet Price Prediction 2023: HIGH Price Gears Up, Will it Hit $10?

Key Takeaways:

• Highstreet price surged magnificently by more than 450% since the beginning of the year 2023 and above 36% during the past weekend
• The buying pressure has mounted notably and hence the token may withstand any bearish actions hindering the rally and achieve a 2-digit figure soon
• The social sentiments are rising with a jump in the active address but the rise in the supply on exchanges may be a small bearish factor hindering the rally ahead

Additional Read: Solana Price Prediction

Highstreet Price History

• Highstreet price incepted the market during the last few months of the 2021 rally and raised from $4.7 to as high as $29.88.
• The price after achieving the highs, fell into a deep bearish trend and closed the yearly trade on a bearish note, hovering around $11
• The price further marked the bottom in January 2022 and rebounded to some extent, but the trend fell into a deep bearish sea maintaining a consolidated trend throughout 2022
• The price marked the bottoms around $0.85 in the last few weeks of 2022 and quickly regained bullish momentum with the beginning of the current year 2023

Highstreet Technical Analysis

Source: Tradingview

• The price has been trading within a rising wedge since the beginning of the month which is largely considered bearish carrying the possibility of a drop 
• Presently, the bearish action has compelled the price to pierce through the lower support of the channel but also displays the possibility of a firm rebound
• Woefully, the volume has dropped heavily due to which the price may remain largely consolidated along the lower support for a while
• Further, depending on the volume induced, the price may undertake the next course of action that may largely be bearish, plummeting below the pivotal levels at $4
• However, as the bearish capitulation phase eases, the price is believed to rebound and reclaim the lost levels 

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Overview of Highstreet On-chain Analysis:

Highstreet Social Dominance

Source: Santiment

Social dominance is nothing but the popularity of the token over the various social media platforms. It is calculated by considering the mentions or posts of the token and compared to that of the other tokens within the top 100 according to the market cap. A drop in the dominance indicates the drop in the token’s dominance compared to the other tokens within the top 100.

However, in the present case, social dominance has been consistently forming higher highs and lows. Therefore, it can be said that social dominance is slowly rising which may impact the price positively. Hence, the HIGH price is believed to maintain an ascending consolidation ahead.

Highstreet Daily Active Address

Source: Santiment

The Daily active address indicates the number of interactions done on the platform in a day. The interactions are nothing but placing a buy or sell or swap trades that need to be accomplished. A rise in the DAA indicates a huge number of addresses carrying out trades over the platform. However, it is still not confirmed whether the rise in DAA positively impacts the value of the token or not. 

Presently, the levels have been rising massively indicating a huge activity over the platform. Moreover, the recent price surge indicates an increase in buying addresses compared to selling ones. Therefore, the upward momentum may be carried for a long time until the token does not reach the required price levels.

Highstreet Supply on Exchanges

Source: Santiment

The supply on exchanges indicates the number of tokens present in the wallets managed by the platform. It usually indicates the market sentiments as to whether the traders are under acute FOMO or FUD. A rise in the supply indicates an increase in FUD that may impact the price negatively as the demand slashes a little.

However, in the present case, the supply levels have been surging within a notable ascending trend indicating the traders transferring their holdings onto the platforms. This may be due to their intention to either sell or swap their tokens with the other. Therefore, it can be considered as a bearish indicator but until the price action is towards the higher levels, the bearish pressure may be overcome.

Highstreet Price Prediction for 2023

The Highstreet incepted the market with a massive upswing as the bullish sentiments in 2021 had coiled up to a large extent. However, with the beginning of the bear market in 2022, the price dropped heavily and consolidated along the lower support throughout the year. The prices have begun to regain bullish momentum since the beginning of the year 2023 and are believed to remain elevated until the end.

The price which has recovered by more than 400% in the past month could close the quarterly trade around $5.5 to $5.7. During Q2, the price may experience a slight bearish action that may compel the price to drop below $5 for a while. But by the end of Hq 2023, the price may regain its value and maintain a notable upswing throughout Q3. The price may range between $6.7 to $7.2 by the end of Q3 and to end the yearly trade, the price is believed to hover around $7.9 to $8.3. 

Highstreet Price Prediction for 2024 

With a bullish close for the year 2023, the momentum is believed to carry forward since the beginning of 2024. The price may quickly reach beyond $10 without facing excessive bearish action and may continue to range toward higher levels. The HIGH price may close the Q1 trade around $10.5 and maintain a significant upswing to reach beyond $12 in Q2. 

The bullish momentum could have mounted that may uplift the price beyond $13.5 during the Q3 trade. Moving ahead, the Q4 trade could be extremely bullish as an extensive upward action may materialize. Therefore, the price levels could remain elevated and secure levels close to $15 or also may rise high in case of an extended bullish action to reach above $16.5 to $17.

Highstreet PRICE PREDICTION 2025-2030

The Highstreet price may carry the bullish momentum in 2025 and after rising beyond $20, may form a new ATH close to $30 or slightly higher. However, the bears may get activated and begin to extract their profits. This may compel the price to drop heavily, sparking a bear market throughout 2026 that may mark new lows. However, the price may begin a small recovery phase in 2027 and try to recover 50% of the loss.

Moving ahead, the HIGH price may again begin with minor spikes in 2028, preparing to begin with a bull run shortly. But the bears may continue to maintain their strong grip over the market which may compel the price to consolidate in an ascending pattern. The price may soon break out of consolidation and leap long in 2029 and by the end of 2030 may mark new highs amid the fresh bull run to reach beyond $50.

Should you invest in Highstreet in 2023? 

Highstreet has incepted the market a few months ago, carrying the huge potential to leap long in the coming days. Withstanding the bearish action, the token has demonstrated its rigidness and hence a significant upswing may ignite soon after the bearish action fades a little. However, before investing in HIGH or any other token, detailed research on the project, its team, the future vision, etc should be carried out along with a close observation of the chart patterns for a considerable amount of time. 

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