TRU BTC TrueFi Technical Analysis

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By Frans van Elst

TrueFi logo In this TrueFi technical analysis, we will examine the current price action, trading volume, key levels and indicators for TRU-BTC. TrueFi (TRU) is a decentralized lending platform that utilizes over-collateralized loans to provide a secure and reliable lending experience. TRU’s unique collateralization mechanism ensures that borrowers are incentivized to repay their loans on time, while also providing lenders with a low-risk investment opportunity. By leveraging blockchain technology and smart contracts, TrueFi (TRU) offers a transparent and automated lending process that eliminates the need for intermediaries and streamlines the entire lending experience.

TrueFi Price Overview:

As of June 15, 2024, TrueFi is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for TRU-BTC:

Unveil potential setbacks for TrueFi (TRUBTC) at 2.95e-06 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 1,752,731.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): TrueFi reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for TRU-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, TrueFi is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) 2.08%
3D Change (%) -1.34%
7D Change (%) 1.03%
30D Change (%) 71.51%
90D Change (%) 143.80%
YTD Change (%) 115.33%

Over the past three days, TRUBTC has fallen by approximately -1.34%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.03%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRUBTC maintaining an upward trend of approximately 71.51%, despite intermittent fluctuations. Examining the last 90 days, TRUBTC has witnessed substantial increase of approximately 143.80%, reflecting strong long-term confidence. Year-to-date, TRUBTC has steadily appreciated by around 115.33%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

TrueFi Live Chart:

You can access a live price chart for TRU-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.22063.
  • Momentum score is 0.36574.

TRU BTC Technical Analysis

TrueFi Trading Volume:

The trading volume for TrueFi (TRU) over the past 24 hours has been insignificant, with approximately 1,752,731.00 BTC traded against TRU. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): TRU is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): TrueFi is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for TRU-BTC is currently in the high zone, around 58.84252. This suggests that TrueFi is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

TrueFi (TRU-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Unveil potential setbacks for TrueFi (TRUBTC) at 2.95e-06 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Unlock additional insights on TRU USDT TrueFi Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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