Market Overview for OFFICIAL TRUMP/Tether (TRUMPUSDT) - 24-Hour Summary

• Price declined from 8.15 to 7.92 before rebounding to 8.10 in 24 hours.
• A sharp bearish trend was halted by a bullish reversal at 7.95–8.05.
• Volume surged 6–8x during the 7.95–8.10 recovery.
• Price closed near 8.105 at 12:00 ET, with RSI indicating moderate momentum.
• Bollinger Bands show moderate volatility with price near the midline.

Price & Volume Action

At 12:00 ET on 2025-11-01, OFFICIAL TRUMP/Tether (TRUMPUSDT) opened at 8.105, having dropped from a high of 8.149 at 12:00 ET − 1 to a low of 7.911. The price closed at 8.105 after retracing the earlier bearish move with a volume of 11,426,646.64 and a total turnover of $91,400,000. The 24-hour session saw a notable bearish trend interrupted by a strong bullish rebound from 7.95 to 8.10, with increasing volume validating the reversal. The price action appears to form a bullish hammer near 7.95–7.98, suggesting a potential short-term bottoming process.

Trend and Structure

On the 15-minute chart, TRUMPUSDT formed several key support levels during the 7.91–7.98 range, where multiple candlesticks showed bullish engulfing patterns. Resistance levels emerged around 8.05 and 8.10 as price repeatedly tested and retested these levels. A 50-period moving average on the 15-minute chart currently sits around 8.06, while the 20-period MA supports the near-term bullish bias. The 200-period moving average for daily data would provide a broader context for long-term positioning, though it is not available here. The price currently appears to be consolidating above the 50-period moving average, suggesting a potential continuation of the upward bounce.

MACD & RSI Momentum Indicators

The MACD line crossed above the signal line during the 7.95–8.05 recovery, indicating a bullish crossover. However, the MACD histogram was relatively weak, pointing to moderate conviction. RSI reached 55 at 12:00 ET, suggesting neutral momentum with room for further upward movement. The RSI has not entered overbought territory, reducing the likelihood of an immediate pullback. The combination of the bullish crossover and the RSI in the middle range suggests that TRUMPUSDT may continue to trend higher in the short term, though caution is advised for potential overbought conditions.

Bollinger Bands and Volatility

The Bollinger Bands have expanded during the recent price movement, reflecting increased volatility. At 12:00 ET, the price is positioned near the midline of the bands, suggesting a period of consolidation. The 20-period Bollinger Band standard deviation is elevated, indicating heightened market uncertainty. Price action remains within the bands without breaking the upper or lower lines, suggesting a lack of strong directional bias at this time. This may indicate that the market is in a period of testing key levels before a more definitive trend emerges.

Backtest Hypothesis

The backtesting strategy outlined aims to identify MACD golden cross events for TRUMPUSDT, potentially signaling entry points for a bullish trade. However, due to the error in retrieving MACD data, it is essential to verify the correct symbol and ensure the token has sufficient historical data available since its listing. If the symbol is accurate and the token was listed after 2022, the golden cross strategy could be backtested against available data. Alternatively, if the data is incomplete, the backtest period may need to be adjusted accordingly. Once these parameters are confirmed, a detailed backtest can be executed using this historical price movement and the identified moving averages and MACD crossover points.