TUSD USDT TrueUSD Technical Analysis

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By Frans van Elst

TrueUSD logo In this TrueUSD technical analysis, we will examine the current price action, trading volume, key levels and indicators for TUSD-USDT. TrueUSD (TUSD) is a stablecoin that is pegged to the US dollar, offering a reliable and low-volatility alternative to other cryptocurrencies. TUSD’s collateralization mechanism ensures that each token is backed by a reserve of US dollars, providing users with a stable store of value. With its focus on stability and transparency, TrueUSD has become a popular choice for traders and investors looking for a more predictable cryptocurrency experience.

TrueUSD Price Overview:

As of May 07, 2024, TrueUSD is trading at approximately 0.9998 USDT. Let’s dive into the detailed price action for TUSD-USDT:

Navigate challenges in realm of TrueUSD (TUSDUSDT) at 1.00e+00 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.9997
High (H) 1.0001
Low (L) 0.9995
Close (C) 0.9998
Volume (C) 1,599,569.00
  • Open (O): The opening price for today’s trading session was approximately 0.9997 USDT.
  • High (H): TrueUSD reached a daily high of around 1.0001 USDT.
  • Low (L): The daily low for TUSD-USDT was approximately 0.9995 USDT.
  • Close (C): At the time of analysis, TrueUSD is trading near its daily close of 0.9998 USDT.
Metric Value
1D Change (%) 0.03%
3D Change (%) -0.01%
7D Change (%) 0.12%
30D Change (%) -0.06%
90D Change (%) 1.20%
YTD Change (%) 0.29%

Over the past three days, TUSDUSDT has declined by approximately -0.01%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.12%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TUSDUSDT maintaining a downward trend of approximately -0.06%, despite intermittent fluctuations. Examining the last 90 days, TUSDUSDT has witnessed substantial rise of approximately 1.20%, reflecting strong long-term confidence. Year-to-date, TUSDUSDT has steadily appreciated by around 0.29%, 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 0.01105.
  • Momentum score is 0.0008.

TUSD USDT Technical Analysis

TrueUSD Trading Volume:

The trading volume for TrueUSD (TUSD) over the past 24 hours has been insignificant, with approximately 1,599,569.00 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 50.97349. 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.

Navigate challenges in realm of TrueUSD (TUSDUSDT) at 1.00e+00 USDT with technical analysis pointing to bearish outlook and potential downturns.

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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