Market Overview for OFFICIAL TRUMP/Tether

Summary
• Price fluctuated between $4.902 and $4.970 amid moderate volatility.
• Key resistance at $4.942 and support at $4.907 were tested multiple times.
• A bullish engulfing pattern formed near $4.907 early in the session.
• Volume surged above $100,000 in turnover during the final 15-minute window.
• RSI briefly entered overbought territory before a pullback to mid-60s.

The OFFICIAL TRUMP/Tether (TRUMPUSDT) pair opened at $4.913, reached a high of $4.970, and closed at $4.939 by 12:00 ET. Volume totaled 284,261.63 units, with notional turnover of $1,396,346.98.

Structure and Key Levels

Price action formed a bullish engulfing pattern near $4.907, suggesting short-term buying pressure. The level acted as a key support, while $4.942 and $4.970 emerged as resistance. A 50-period moving average on the 5-minute chart showed a slow upward drift, indicating mild bullish bias.

Momentum and Volatility

Relative Strength Index (RSI) briefly hit 70 during the morning session, signaling overbought conditions. However, a pullback followed, with RSI settling in the 60s. Volatility expanded near the closing hours, with Bollinger Bands widening after a period of consolidation.

Volume and Turnover

Trading volume surged during the final 15-minute candle, exceeding 50,000 units. Notional turnover spiked sharply as price approached $4.970, showing strong participation at key levels. A divergence between price and volume was observed during the pullback from $4.970 to $4.939, suggesting mixed conviction.

Fibonacci Retracements

A 61.8% Fibonacci retracement level aligned closely with $4.942, which was tested twice during the session. The 38.2% level at $4.924 provided temporary support before a break lower.

Market structure suggests continued consolidation near key psychological levels. A break above $4.942 could invite further buying, but a retest of $4.907 may follow if momentum falters. Investors should watch for volume confirmation or divergence in the next 24 hours.