Bithumb and Coinone to Delist Highstreet (HIGH) on July 13
- Delisting Decision: South Korean exchanges Bithumb and Coinone have confirmed the delisting of Highstreet (HIGH) on July 13 at 6:00 a.m. UTC, following the token's designation as a delisting watchlist asset due to unresolved concerns regarding project transparency and regulatory compliance.
- Impact on Trading Pairs: The delisting will remove all HIGH trading pairs from Bithumb and Coinone, requiring users to withdraw their tokens to external wallets before the deadline to avoid potential fund lock-up, which could exacerbate liquidity issues in the market.
- Regulatory Context: Following the implementation of the Virtual Asset User Protection Act, South Korean exchanges have tightened listing standards, with HIGH's watchlist status likely stemming from factors such as lack of project updates, unclear tokenomics, and market manipulation risks, indicating the project failed to meet compliance requirements.
- Market Reaction: HIGH has seen significant trading volume on South Korean exchanges, but the delisting could lead to sharp price declines and reduced liquidity, prompting investors to closely monitor official announcements to prevent asset loss.
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Technical Analysis for HIGH
Technical Sentiment Analysis for Highstreet (HIGH). As of , Highstreet (HIGH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HIGH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, HIGH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Highstreet (HIGH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0275 | 0.00827 | 0.0355 | 0.0713 | 0.0985 | 0.134 | 0.162 |
| Fibonacci | 0.00827 | 0.0323 | 0.0472 | 0.0713 | 0.0953 | 0.11 | 0.134 |
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