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- 1 The TRU token price showcased a rebound and is looking to retain the $0.12000 mark.
- 2 Buyers are putting efforts and persist in accumulation for the past sessions.
The TRU token (TrueFi) price has glimpsed a pullback, and buyer accumulation has been witnessed this week. Recently, the token saw a retracement move from the mark of $0.19000d profit booking was noted, resulting in retesting the 200-day EMA mark. However, bulls somehow managed to gain traction and a sharp rebound of over 47% this week.
At press time, the TrueFitoken (TRU) price traded at $0.1113 with an intraday gain of 3.60%, reflecting neutrality on the charts. It has a monthly return ratio of 30.56% and 45.80% on a yearly basis. The pair of TRU/BTC is at 0.00000172 BTC, and the market cap is $123.94 Million. Analysts are neutral and suggest that the TrueFi token may attain momentum and will soon retain the midline near the $0.15000 mark.
Over the past few sessions, the token has witnessed profit booking and retraced over 29% this month, replicating the fight between the bulls and bulls. The token has retested the 200-day EMA mark, and a sharp bounce glimpsed, trapping the bear cartel.
TRU Price Volume Analysis On Daily Charts
The TrueFi token price and volume indicate profit booking in the last sessions on the daily chart. However, the trend is neutral, and the token delivered volatile moves, and lower low swings were noted in the past weeks. Since the beginning of this month, the token has delivered bull accumulation, and buying momentum has been noted.
Per the Fib retracement levels, the TrueFi price trades near the 23.6% zone and the mid Bollinger Band. The RSI curve stayed in the oversold region and showed a positive divergence, suggesting a volatile move ahead.
The token’s total supply is 1.44 billion, and the volume-to-market cap ratio is 0.428. The fully diluted market cap of the token is $159.44 Million, whereas it stands at 341 per the market cap in the global crypto market.
Summary
The TrueFi token price signifies a pullback, and a bullish harami candlestick was noted near the 200-day EMA mark. Per the price action, the token may extend the rebound and retain the $0.13000 mark ahead shortly.
Technical Levels
Support Levels: $0.1070 and $0.1000
Resistance Levels: $0.1170 and $0.1250
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
