TRU BTC TrueFi Technical Analysis

TrueFi logo In this TrueFi technical analysis, we will examine the current price action, trading volume, key levels and indicators for TRU-BTC. TrueFi is a decentralized lending platform that utilizes blockchain technology to provide collateral-free loans to users. By leveraging the power of smart contracts, TrueFi offers a secure and transparent lending experience without the need for intermediaries. With its innovative approach, TrueFi has gained significant traction in the cryptocurrency market, providing a much-needed alternative to traditional lending platforms.

TrueFi Price Overview:

As of October 02, 2023, TrueFi is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for TRU-BTC:

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 2,292,430.00
  • 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 (%) -1.34%
3D Change (%) 7.30%
7D Change (%) 15.75%
30D Change (%) 24.58%
90D Change (%) 6.52%
YTD Change (%) -11.98%

Over the past three days, TRUBTC has increased by approximately 7.30%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 15.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRUBTC maintaining an upward trend of approximately 24.58%, despite intermittent fluctuations. Examining the last 90 days, TRUBTC has witnessed substantial rise of approximately 6.52%, reflecting strong long-term confidence. Year-to-date, TRUBTC has steadily decreased by around -11.98%, 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 0.49751.
  • Momentum score is 0.24576.

TRU BTC Technical Analysis

TrueFi Trading Volume:

The trading volume for TrueFi (TRU) over the past 24 hours has been insignificant, with approximately 2,292,430.00 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 58.27508. 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.

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.