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Summary
• TrueFi/Tether traded between $0.0087 and $0.0107, with key resistance forming near $0.0102–0.0103 and support near $0.0095–0.0097.
• A strong bullish engulfing pattern emerged after 15:30 ET, signaling potential continuation above $0.0102.
• Volume surged past 62M at peak, confirming the late-day breakout, with turnover surging over $523k.
• RSI reached overbought territory during the rally but pulled back slightly, suggesting possible consolidation ahead.
• Bollinger Bands expanded sharply in the final hours, indicating increased volatility and a potential breakout scenario.
At 12:00 ET the prior day,
opened at $0.0089, reaching a high of $0.0107 and a low of $0.0087 before closing at $0.009 at 12:00 ET. Total 24-hour volume was 252,599,222 , with turnover of approximately $523,187.Structure & Moving Averages
TrueFi/Tether displayed a sharp upward thrust in the afternoon, breaking above a descending trendline and retesting former resistance at $0.0102–0.0103. The 5-minute 20- and 50-period moving averages crossed into bullish territory, supporting the upward bias. On the daily chart, the 50- and 200-period lines remain in a bearish alignment, suggesting caution for longer-term positioning.

MACD and RSI Dynamics
The MACD line crossed above the signal line in the late afternoon, confirming a bullish momentum shift. RSI hit overbought territory at 78 and has since pulled back slightly, suggesting short-term exhaustion may precede a consolidation phase. However, the sustained volume suggests the move is not yet exhausted.
Volatility and Volume Action
Volatility spiked dramatically in the final hours of the 24-hour window, with Bollinger Bands widening as the price surged from $0.009 to $0.0107. This expansion suggests increased conviction in the move higher, particularly as volume on the bullish breakout candle hit 38M TRU. Notional turnover confirmed the price action, with no clear divergence detected.
Fibonacci Retracement Levels
Key Fibonacci retracement levels from the $0.0087 low to $0.0107 high include $0.0097 (38.2%), $0.0095 (50%), and $0.0093 (61.8%). The price is currently testing the $0.0097 level, where a pullback may find short-term buyers. A break above $0.0106 would suggest a potential retest of the $0.0107 intraday high, followed by $0.0109 as the next target.
TRUUSDT appears to be building momentum for a potential breakout above key resistance, supported by strong volume and bullish candlestick patterns. That said, volatility remains high, and a pullback toward $0.0095–0.0097 could offer a testing phase in the near term. Investors should monitor volume behavior and RSI for early signs of overextension or reversal.
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