Summary
• Price action on TRUUSDT formed bearish momentum with a 50-point decline from 0.0129 to 0.0121.
• Volume spiked to 1055003 at 114500, coinciding with a breakdown below key support at 0.0122.
• RSI and MACD showed bearish divergence with price, signaling potential continuation lower.
• TRUUSDT traded within a tightening range on Bollinger Bands, indicating potential for a breakout.
• Fibonacci levels at 0.0123 and 0.0120 could act as near-term resistance and support.
TrueFi/Tether (TRUUSDT) opened at 0.0128 on 2025-12-09 at 12:00 ET, reached a high of 0.0129, a low of 0.0121, and closed at 0.0121 on 2025-12-10 at 12:00 ET. Total volume for the 24-hour period was 64,682,733.0, with a notional turnover of approximately $808,554 (calculated from volume × price).
Structure & Formations
The price action on the 5-minute chart formed multiple bearish patterns, including a key breakdown candle at 114500, where TRUUSDT closed at 0.0121 after a sharp decline from 0.0123. This candlestick confirmed a breakdown below key support levels near 0.0122, suggesting potential for further downward momentum. A bearish engulfing pattern appeared around 091500 and again at 111500, reinforcing the downward bias.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both sloped downward, with price below both throughout most of the session. This confirmed a bearish trend.
On the daily chart, a 50/100/200 MA crossover is not present in this data, but the short-term bias remains clearly bearish.
MACD & RSI
The MACD showed bearish momentum with a negative crossover, and RSI dipped into oversold territory near 30 at 120000, though it did not bounce meaningfully. This bearish divergence between RSI and price indicated potential for further downside.
Bollinger Bands
Price action remained within a narrowing Bollinger Band range for much of the day, particularly between 0.0123 and 0.0125. This contraction suggested a possible breakout ahead, with the low at 0.0121 representing a valid breakdown below the lower band.
Volume & Turnover
Volume surged at key turning points, notably at 114500 (1,055,003) and 100000 (648,372), which coincided with price declines. Notional turnover followed the same pattern, confirming bearish conviction.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from 0.0129 to 0.0121, the 61.8% retracement level is at 0.0123 and the 38.2% at 0.0125, which may offer resistance. On the daily chart, key support from 0.0122 and 0.0120 could be tested in the next 24 hours.
TRUUSDT may continue to test lower support levels in the coming 24 hours, with a potential target near 0.0120 if the breakdown at 0.0122 holds. Traders should monitor the 50-period moving average for a potential rebound signal but remain cautious of a continued bearish trend.
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