Market Overview for OFFICIAL TRUMP/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Jan 12, 2026 7:58 pm ET1min read
TRUMP
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Aime RobotAime Summary

- TRUMPUSDT traded between $5.329 and $5.548, forming a bearish engulfing pattern near its 24-hour high.

- RSI briefly entered overbought territory while Bollinger Bands expanded, with price lingering near the lower band.

- Volume spiked to 205,990 at $5.342 as price tested key support, aligning with Fibonacci 61.8% retracement levels.

- A doji near $5.34 and MACD's bearish crossover suggest potential consolidation or further decline below $5.34.

Summary
• Price swung between $5.329 and $5.548, forming a bearish engulfing pattern near the 24-hour high.
• RSI reached overbought territory briefly but pulled back, suggesting momentum fatigue.
• Bollinger Bands showed a moderate expansion, with price hovering near the lower band for much of the session.
• Volume surged during the 03:30–04:00 ET range, coinciding with a sharp retest of key support at $5.34.

OFFICIAL TRUMP/Tether (TRUMPUSDT) opened at $5.542, hit a 24-hour high of $5.548, a low of $5.329, and closed at $5.373 at 12:00 ET. The 24-hour volume was 865,359.10 and turnover reached $4,637,693.32.

Structure & Candlestick Patterns


The price formed a bearish engulfing pattern near $5.548, followed by a strong pullback to $5.329. A large 5-minute bearish candle at 03:30 ET confirmed selling pressure. A doji formed near $5.34, suggesting a potential reversal or consolidation after a sharp decline.

Volatility and Momentum



Bollinger Bands expanded after the initial bearish move, with price bouncing near the lower band for most of the session. RSI reached overbought levels near 75 but pulled back, indicating weak bullish momentum. MACD lines crossed into negative territory, confirming bearish bias.

Volume and Turnover Analysis


Volume spiked to over 205,990 at 11:00 ET as price hit a low of $5.342, followed by a retest. Turnover confirmed the volume spike during this key support test, aligning with price action.

Fibonacci Retracements


A major 5-minute retracement level at 38.2% (around $5.45) and 61.8% (around $5.37) were tested during the pullback from the 24-hour high. The 61.8% level held briefly before a further decline.

If the market continues to consolidate within the $5.34–$5.46 range, a test of the $5.45–$5.48 resistance could follow. However, traders should remain cautious of a break below $5.34, which could accelerate the downward trend.