TRUMPUSDT Market Overview – November 6, 2025

Summary
• Price rose from $7.43 to $8.327, hitting a 24-hour high of $8.327.
• Volatility spiked in early hours, with volume peaking at $434,137.449 in the 3:15 AM ET session.
• A Bullish Engulfing pattern formed around 3:30 AM ET, followed by a consolidation phase.

The OFFICIAL TRUMP/Tether (TRUMPUSDT) pair opened at $7.43 on November 5 at 12:00 ET and closed at $7.774 on November 6 at 12:00 ET. The 24-hour high and low were $8.327 and $7.416, respectively. Total volume across the 96 15-minute candles was 19,920,042.11, with total turnover of $155,382,257.07.

Structure & Formations

The price action on TRUMPUSDT showed a strong upward bias following a key Bullish Engulfing pattern at 3:30 AM ET, which marked a turning point in the daily trend. The formation confirmed a shift from bearish to bullish momentum, as the candle closed above the prior candle’s high. The price then moved into a consolidation phase after hitting a 24-hour high at $8.327, with a key resistance cluster forming around $8.20–$8.32. A critical support level appears to be forming at $7.95, where the price found repeated bids during its retracement phase in the late morning.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bullish alignment, with the price staying above both as of the 12:00 ET close. On the daily chart, the 50-period MA is just below $7.95, while the 200-period MA rests at $7.60, indicating that the recent rally has pulled the price significantly above its long-term average.

MACD & RSI

The MACD moved from a negative to positive territory in the early morning hours, signaling a bullish crossover. The histogram showed a gradual expansion, suggesting strengthening momentum. The RSI reached 68 by 12:00 ET, indicating a moderate bullish momentum but not yet overbought. The indicator remained above 50 throughout the day, reinforcing the bullish bias.

Backtest Hypothesis

Given the presence of a Bullish Engulfing pattern on the 15-minute chart and the subsequent strong move, a backtest of a “Bullish Engulfing → buy → hold 5 days → sell” strategy could provide valuable insights into its viability. The strategy would involve entering on confirmation of the pattern and exiting after five days. To enhance the robustness of the test, it would be important to apply this strategy to the TRUMPUSDT pair specifically and determine its performance from 2022-01-01 to today. Including standard risk controls, such as a 5% stop-loss and a 15% take-profit, would help assess the strategy under realistic trading conditions. The results could then be compared against a benchmark such as the Hold.P – Harbor Alpha Layering ETF to gauge relative performance.

Looking ahead, the price may test the $8.30–$8.40 resistance zone over the next 24 hours, with a potential pullback to $7.95–$7.80 if buyers falter. Investors should remain cautious, as volatility appears to be settling into a range after the sharp move higher, suggesting a potential consolidation phase ahead.