TRUUSDT Market Overview for 2025-09-23

• TRUUSDT edged higher over 24 hours with a 0.0288–0.0294 range.
• Momentum strengthened after a midday break with rising RSI and volume.
• Volatility expanded in the early morning before consolidating in Bollinger Bands.
• Volume surged during 00:00–06:00 ET, confirming bullish price action.
• No clear reversal patterns emerged, but consolidation suggests potential for a breakout.

TrueFi/Tether (TRUUSDT) opened at 0.0288 at 12:00 ET–1 and closed at 0.0293 at 12:00 ET, reaching a high of 0.0294 and a low of 0.0284. Over the 24-hour period, the pair recorded a total volume of 17,887,781.0 and a notional turnover of 518,195.29. The price action appeared to gain support around 0.0288 and tested resistance at 0.0293 multiple times.

The structure of the 15-minute candles revealed a gradual buildup of buying pressure, especially during the early morning session. A key support level formed around 0.0288–0.0289, while 0.0293–0.0294 acted as a short-term resistance. No strong bearish reversal patterns were observed, but several bullish confirmation candles, including a small green body at the close of the 06:30–06:45 ET session, suggested buyers maintained control.

The 20-period and 50-period moving averages on the 15-minute chart remained in a bullish alignment, with the price staying above the 50-period MA. While daily MAs were not computed here, the 15-minute trend suggests short-term bullish momentum. The MACD turned positive after 02:00 ET, and the RSI rose above 50, indicating a shift in momentum. RSI reached 61.8 at its peak, hinting at overbought territory, though it did not break into overbought levels.

Bollinger Bands reflected a moderate expansion in volatility around 03:30–04:30 ET, after which the price retracted slightly. By the end of the 24-hour period, the price was positioned near the upper band, suggesting a potential for further gains or a pullback. Volume remained elevated during the 00:00–06:00 ET window, confirming the bullish move. Notional turnover spiked in line with price, showing no divergence.

Fibonacci retracement levels drawn from the recent 0.0284 to 0.0294 swing indicated key levels at 0.0289 (38.2%) and 0.0291 (61.8%). The price tested the 0.0291 level multiple times and closed near it, suggesting a possible consolidation phase. A break above 0.0294 could target the next Fibonacci level at 0.0296, while a rejection could bring support to 0.0289 into focus.

The next 24 hours could see a test of 0.0294 resistance, especially if volume remains strong. A breakdown below 0.0289 could trigger a pullback toward 0.0287, but bullish momentum appears intact for now. Investors should monitor the 0.0291–0.0293 range for potential breakout confirmation.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions when the price closes above 0.0291 with confirmation from a bullish candlestick pattern (e.g., a green body with higher volume), and exiting short of 0.0294 or with a stop-loss at 0.0289. Given the 15-minute RSI and MACD turning bullish after 02:00 ET, this approach may have capitalized on the morning breakout. A trailing stop could also be triggered from the 0.0293 level to capture further gains should volatility continue. The strategy aligns well with the observed Fibonacci and Bollinger Band levels and is worth testing with historical data.