TRU USDT 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-USDT. TrueFi (TRU) is a decentralized finance (DeFi) platform that enables users to earn interest on their digital assets without the need for traditional financial intermediaries. TRU’s innovative protocol utilizes a novel algorithm to optimize interest rates and liquidity, providing users with more efficient and secure financial services. By leveraging blockchain technology and smart contracts, TrueFi (TRU) is poised to revolutionize the way we think about finance and investing.

TrueFi Price Overview:

As of May 16, 2024, TrueFi is trading at approximately 0.10919 USDT. Let’s dive into the detailed price action for TRU-USDT:

Navigate TrueFi’s (TRUUSDT) potential downturns at 1.09e-01 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.11188
High (H) 0.11761
Low (L) 0.10691
Close (C) 0.10919
Volume (C) 34,720,052.00
  • Open (O): The opening price for today’s trading session was approximately 0.11188 USDT.
  • High (H): TrueFi reached a daily high of around 0.11761 USDT.
  • Low (L): The daily low for TRU-USDT was approximately 0.10691 USDT.
  • Close (C): At the time of analysis, TrueFi is trading near its daily close of 0.10919 USDT.
Metric Value
1D Change (%) -2.40%
3D Change (%) 3.71%
7D Change (%) -3.59%
30D Change (%) -9.46%
90D Change (%) 73.26%
YTD Change (%) 87.55%

Over the past three days, TRUUSDT has risen by approximately 3.71%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.59%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRUUSDT maintaining a downward trend of approximately -9.46%, despite intermittent fluctuations. Examining the last 90 days, TRUUSDT has witnessed substantial increase of approximately 73.26%, reflecting strong long-term confidence. Year-to-date, TRUUSDT has steadily increased by around 87.55%, 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-USDT 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 0.66808.
  • Momentum score is -0.05299.

TRU USDT Technical Analysis

TrueFi Trading Volume:

The trading volume for TrueFi (TRU) over the past 24 hours has been insignificant, with approximately 34,720,052.00 USDT 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-USDT is currently in the neutral zone, around 49.76068. This suggests that TrueFi is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

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

Navigate TrueFi’s (TRUUSDT) potential downturns at 1.09e-01 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on TRU BTC TrueFi Technical Analysis — a perfect follow-up if you enjoyed 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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