Summary
• Price formed a bearish engulfing pattern on 5-min chart near $5.49.
• Volatility expanded in late ET hours, pushing price below key support at $5.45.
• RSI signaled overbought levels mid-day before reversing lower.
• Turnover surged during the afternoon ET selloff, confirming bearish momentum.
• Fibonacci retracement levels suggest potential bounce near $5.42 or further decline to $5.38.
Price & Volume Summary
The OFFICIAL TRUMP/Tether (TRUMPUSDT) pair opened at $5.488 on 2025-12-14 at 12:00 ET, reached a high of $5.513, a low of $5.332, and closed at $5.313 on 2025-12-15 at 12:00 ET. Total 24-hour volume was 1,013,487.986, with notional turnover of approximately $5,405,410.
Trend and Structure
Price action displayed a clear bearish bias, breaking below key intraday support levels with a large volume-driven selloff between 15:00 and 17:00 ET. A bearish engulfing pattern was observed near the high of $5.49, followed by a deep pullback to $5.332.
Momentum and Indicators
The RSI peaked above 70 during the mid-day rally before collapsing below 40, signaling weakening bullish momentum. MACD diverged from price late in the session, with a bearish crossover forming as the 12:00 ET close approached.
Volatility and Bollinger Bands
Volatility expanded significantly during the afternoon selloff, with price closing near the lower band of the Bollinger Bands. A prior consolidation period had seen reduced volatility, suggesting the recent break below $5.45 was meaningful.
Volume and Turnover Analysis
Turnover spiked sharply between 15:00 and 16:45 ET, coinciding with a sharp decline in price. The divergence between volume and price during the late ET rebound was bearish, as volume failed to confirm buying interest.
Key Levels and Fibonacci
The $5.45 level acted as a key pivot, with Fibonacci retracement levels at $5.42 and $5.38 providing potential near-term support. Resistance is expected near $5.48–$5.49, where a reversal pattern had previously formed.
The market appears to be in a bearish phase, with a high probability of testing $5.38 in the next 24 hours. Investors should monitor volume during the next bounce for signs of strength or capitulation.
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