Market Overview: TRUMPUSDT — Bullish Reversal and Rising Momentum

Summary
• Price fell to 4.961 before rebounding and closing near 5.141 with a strong bullish reversal.
• Momentum shifted mid-day as RSI hit oversold, then rose to overbought levels.
• Volume surged during the 5.022–5.032 range and again near 5.157, confirming key pivots.
• Volatility expanded after 19:00 ET, with a Bollinger Band squeeze preceding the upward push.
• A bullish engulfing pattern formed at 5.004–5.023, suggesting potential follow-through.

OFFICIAL TRUMP/Tether (TRUMPUSDT) opened at 5.180, hit a low of 4.961, and closed at 5.141 by 12:00 ET on 2025-12-19. Total 24-hour volume was 1,408,088.871 TRUMP, with a notional turnover of $7,228,805.

The candlestick pattern for TRUMPUSDT displayed a sharp sell-off starting at 17:00 ET-1, with price dropping from 5.18 to 4.961. This bearish pressure waned around 20:00 ET, where a strong bullish reversal emerged. A key bullish engulfing pattern appeared at 5.004–5.023, suggesting a short-covering rally. RSI hit oversold at 28.5 around 19:30 ET and rose steadily, reaching overbought at 78.3 by 15:45 ET. MACD crossed above the signal line mid-day, reinforcing bullish momentum.

Volatility expanded significantly after 19:00 ET, with a Bollinger Band contraction preceding the sharp rebound. Price traded above the 20-period and 50-period moving averages for most of the session, indicating a shift in trend. The 5.11–5.14 range acted as a key support and retest zone, where volume spiked multiple times. On the daily chart, the 50-period MA at 5.107 and the 200-period MA at 5.024 provided a reference for medium-term positioning.

Fibonacci retracements applied to the 4.961–5.157 move showed a 61.8% level at 5.131, which TRUMPUSDT tested and held. The next level of resistance lies at 5.171–5.178, where a previous high was recorded. A breakout above this range may attract further buyers, but a retest of 5.075–5.085 could signal a possible pullback.

Looking ahead, TRUMPUSDT appears to be consolidating bullish momentum following a key reversal. However, a drop below 5.105 may trigger a retest of earlier support at 5.075. Investors should monitor volume and RSI levels for signs of exhaustion or confirmation of a sustained upturn.