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Summary
• Price action shows a bullish recovery from 5.34 to 5.43, forming a bullish engulfing pattern near 5.43.
• RSI reached overbought territory above 70, suggesting potential near-term profit-taking.
• Bollinger Bands show moderate widening, indicating rising volatility in the final hours.
• Volume surged in the last 3 hours, confirming the recent upward move.
• Turnover spiked to $1.5M in the 16:00–17:00 ET period, aligning with price highs.
The 24-hour session for OFFICIAL TRUMP/Tether (TRUMPUSDT) opened at 5.388, reached a high of 5.431, and closed at 5.431 at 12:00 ET, with a low of 5.286. Total traded volume amounted to 864,761.57, and notional turnover hit $4.59 million, indicating heightened interest.
Structure and Patterns
Price action revealed a strong bullish reversal pattern with a key bullish engulfing formation around 5.43, formed on high volume. A 5.34–5.43 swing saw notable Fibonacci levels at 5.375 (38.2%) and 5.407 (61.8%) providing temporary resistance and support. The daily chart showed 5.35 as a key support and 5.41 as a near-term resistance.
Momentum and Oscillators

Volatility and Bollinger Bands
Volatility expanded in the last 3 hours, with Bollinger Bands widening as prices approached the upper band. This suggests a potential consolidation phase ahead. The 20-period Bollinger Band width spiked to 0.05 during the 16:00–17:00 ET window, signaling increased market activity.
Volume and Turnover
Volume surged to 265,671.07 in the final hour, coinciding with a price high of 5.431. Notional turnover exceeded $1.5 million during this period, reinforcing the bullish move. A divergence appeared around 14:45 ET, where price declined slightly while volume remained high—suggesting some accumulation pressure.
Outlook and Risks
The recent bullish momentum may continue if 5.41 holds as resistance, but a retest of 5.35 could trigger short-term selling. Investors should remain cautious about potential overbought conditions and be prepared for a pullback if the 5.41–5.43 range fails to hold.
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