Official Trump (TRUMPUSDT) Market Overview: 24-Hour Analysis for 2025-08-20

• Price opened at $8.75 and closed at $8.73, with a 24-hour range between $8.60 and $8.77.
• Volume surged to 429,460.4 with a notable spike at 04:45 ET as price tested resistance near $8.76.
• RSI and MACD signaled a weakening bullish momentum as buying pressure failed to sustain above $8.75.
• A bearish divergence between price and RSI in the late hours suggests caution ahead.

Market Overview

At 12:00 ET on 2025-08-20, Official Trump (TRUMPUSDT) opened at $8.75, reached a high of $8.77, and a low of $8.60, closing at $8.73. The total 24-hour volume was 429,460.4 with a notional turnover of $3,638,256.88 (calculated using average price), suggesting moderate to active participation across key timeframes.

Structure & Formations

Key support levels are identified at $8.60 and $8.63, with resistance forming at $8.72 and $8.75. A bearish engulfing pattern formed between 03:30 and 03:45 ET as price moved from $8.67 to $8.71 and then reversed down to $8.70. A doji at 04:45 ET at $8.73 marked a consolidation phase following a failed breakout attempt above $8.75.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MA) are close together, indicating a sideways trend with no clear directional bias. On the daily chart, the 50-period MA is above the 100- and 200-period lines, signaling a longer-term bullish backdrop, though short-term traders may see TRUMPUSDT as range-bound.

MACD & RSI

The MACD histogram remained narrow and mostly negative, with a bearish crossover forming after 04:00 ET. The RSI dropped from overbought territory above 65 to mid-range levels by the close, suggesting a potential exhaustion of bullish momentum. A bearish divergence between price and RSI in the last 2 hours indicates a possible near-term pullback.

Bollinger Bands

Volatility expanded throughout the session, with Bollinger Bands widening to 0.13–0.16 range. Price spent the final 4 hours trading near the lower band at $8.65–$8.68, signaling bearish pressure. A move back toward the upper band would need to exceed $8.77 to reinvigorate bullish sentiment.

Volume & Turnover

Volume was highest during the 04:00–05:00 ET window, with a 15-minute volume spike at 04:45 ET of 27,648.192. Turnover during this window reached $24,087,624.93, confirming the importance of this price action. However, price failed to close above the key resistance at $8.75, suggesting bearish traders may be stepping in.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing (low at $8.63, high at $8.76), the 61.8% level is at $8.72 and appears to have held as support and resistance. On the daily chart, the 38.2% and 61.8% retracement levels correspond to $8.60 and $8.65, both of which were tested and held during the session.

Looking ahead, Official Trump may test the $8.60 support in the next 24 hours if bearish momentum continues, though a rebound above $8.75 could reinvigorate bulls. Investors should remain cautious of short-term volatility and the potential for a deeper pullback if key support levels break.