In this TrueFi technical analysis, we will examine the current price action, trading volume, key levels and indicators for TRU-USDT. TrueFi is a decentralized lending platform built on the Ethereum blockchain that allows users to borrow and lend TrueFi tokens without the need for intermediaries. The platform utilizes smart contracts to facilitate trustless and permissionless transactions, ensuring that both borrowers and lenders are protected from fraudulent activities. With its innovative design, TrueFi aims to provide a more secure and efficient way of conducting decentralized lending.
TrueFi Price Overview:
As of September 22, 2023, TrueFi is trading at approximately 0.0359 USDT. Let’s dive into the detailed price action for TRU-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.036 |
| High (H) | 0.037 |
| Low (L) | 0.0356 |
| Close (C) | 0.0359 |
| Volume (C) | 34,272,790.00 |
- Open (O): The opening price for today’s trading session was approximately 0.036 USDT.
- High (H): TrueFi reached a daily high of around 0.037 USDT.
- Low (L): The daily low for TRU-USDT was approximately 0.0356 USDT.
- Close (C): At the time of analysis, TrueFi is trading near its daily close of 0.0359 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.28% |
| 3D Change (%) | -8.88% |
| 7D Change (%) | 1.41% |
| 30D Change (%) | 2.87% |
| 90D Change (%) | -14.11% |
| YTD Change (%) | 31.02% |
Over the past three days, TRUUSDT has decreased by approximately -8.88%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRUUSDT maintaining an upward trend of approximately 2.87%, despite intermittent fluctuations. Examining the last 90 days, TRUUSDT has witnessed substantial fall of approximately -14.11%, reflecting strong long-term confidence. Year-to-date, TRUUSDT has steadily appreciated by around 31.02%, 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 0.5636.
- Momentum score is 0.02865.
TRU USDT Technical Analysis
TrueFi Trading Volume:
The trading volume for TrueFi (TRU) over the past 24 hours has been insignificant, with approximately 34,272,790.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): TrueFi is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TRU-USDT is currently in the neutral zone, around 51.8688. 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 bullish 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.
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.
