TRUMPUSDT Market Overview: Sharp Rally Closes Above $5.50 Amid Volatility and Momentum Surge

Summary
• Price surged 11.7% from $4.988 to $5.561 amid sharp volume and turnover expansion after 16:30 ET.
• A bullish engulfing pattern emerged following a 38.2% Fibonacci retracement from the 16:30–17:00 ET rally.
• RSI hit 78 near close, signaling potential overbought conditions despite rising momentum.
• Bollinger Bands widened sharply post-16:30 ET as volatility spiked above 5.45.
• Volume spiked 420% at peak, with 108k TRUMPUSDT traded in the 16:45–17:00 ET bar alone.

OFFICIAL TRUMP/Tether (TRUMPUSDT) opened at $4.988 on 2026-01-02 12:00 ET, traded as high as $5.64, as low as $4.949, and closed at $5.561 at 12:00 ET on 2026-01-03. Total 24-hour volume was 3.03 million TRUMP, with a notional turnover of $17.78 million.

Structure and Momentum

The 5-minute chart showed a sharp upward thrust from 16:30–17:00 ET, forming a bullish engulfing pattern after a pullback into a 38.2% Fibonacci retracement level. Price broke above the 50-period moving average with strong confirmation from MACD (12,26,9) which crossed into positive territory. RSI pushed into overbought territory (78 at close), suggesting potential near-term resistance around $5.58–5.62.

Volatility and Volume

Bollinger Bands expanded dramatically post-16:30 ET as volatility surged, with price closing near the upper band. Volume and turnover surged 420% in the final 15-minute window, driven by a 108,135.298 TRUMPUSDT bar at 16:45 ET. Notional turnover exceeded $1.7 million in that period alone, indicating strong institutional or high-volume retail participation.

Forward Outlook

Price appears poised to test key resistance at $5.62–5.65, with a pullback into $5.40–5.45 expected to act as support. A close above $5.65 may trigger further buying, but overbought RSI and diverging volume suggest a consolidation phase could follow. Investors should monitor volume behavior above $5.60 for momentum confirmation.