In this TrueUSD technical analysis, we will examine the current price action, trading volume, key levels and indicators for TUSD-USDT. TrueUSD is a stablecoin that is backed by US dollars on a one-to-one basis. This means that for every TrueUSD token in circulation, there is a corresponding US dollar held in reserve. The stability of TrueUSD makes it an attractive option for those looking to use cryptocurrency for everyday transactions without the volatility associated with other digital assets.
TrueUSD Price Overview:
As of October 02, 2023, TrueUSD is trading at approximately 0.9986 USDT. Let’s dive into the detailed price action for TUSD-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.9989 |
| High (H) | 0.9989 |
| Low (L) | 0.9986 |
| Close (C) | 0.9986 |
| Volume (C) | 74,370,712.00 |
- Open (O): The opening price for today’s trading session was approximately 0.9989 USDT.
- High (H): TrueUSD reached a daily high of around 0.9989 USDT.
- Low (L): The daily low for TUSD-USDT was approximately 0.9986 USDT.
- Close (C): At the time of analysis, TrueUSD is trading near its daily close of 0.9986 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.03% |
| 3D Change (%) | -0.01% |
| 7D Change (%) | -0.01% |
| 30D Change (%) | 0.01% |
| 90D Change (%) | -0.12% |
| YTD Change (%) | -0.14% |
Over the past three days, TUSDUSDT has fallen by approximately -0.01%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TUSDUSDT maintaining an upward trend of approximately 0.01%, despite intermittent fluctuations. Examining the last 90 days, TUSDUSDT has witnessed substantial drop of approximately -0.12%, reflecting strong long-term confidence. Year-to-date, TUSDUSDT has steadily decreased by around -0.14%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
TrueUSD Live Chart:
You can access a live price chart for TUSD-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 0.00367.
- Momentum score is 0.0001.
TUSD USDT Technical Analysis
TrueUSD Trading Volume:
The trading volume for TrueUSD (TUSD) over the past 24 hours has been insignificant, with approximately 74,370,712.00 USDT traded against TUSD. 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): TUSD is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): TrueUSD is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TUSD-USDT is currently in the neutral zone, around 47.13488. This suggests that TrueUSD is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
TrueUSD (TUSD-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.
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.
