Summary
• Price tested key support near $0.0104 and bounced with increasing volume.
• Momentum suggests indecision, with RSI hovering around mid-levels.
• Volatility expanded sharply in the early AM, indicating heightened trading interest.
• A bullish engulfing pattern emerged in the 5-minute chart near 01:45 ET.
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remains confined between $0.0104 and $0.0107, with no breakout confirmed.
The TrueFi/Tether (TRUUSDT) pair opened at $0.0105 on 2025-12-30 12:00 ET, reached a high of $0.0107, fell to a low of $0.0097, and closed at $0.0099 as of 2025-12-31 12:00 ET. The 24-hour trading volume totaled approximately 48,947,560 TRU, with a notional turnover of about $486,865.
Structure and Key Levels
The price remained range-bound throughout the 24-hour period, oscillating between $0.0104 (support) and $0.0107 (resistance). A bullish engulfing pattern formed near 01:45 ET as price moved from $0.0105 to $0.0106, suggesting a potential reversal in a downward trend. A doji appeared at $0.0104 around 22:30 ET, signaling indecision. The key support at $0.0104 was tested multiple times but held until late in the session when a sharp drop below this level occurred around 16:45 ET.
Volatility and Bollinger Bands
Bollinger Bands widened significantly during the overnight hours, with the upper band reaching $0.0107 and the lower band falling to $0.0099. Price spent much of the day outside the bands during the early morning hours, reflecting heightened volatility. By the afternoon, the bands had contracted slightly, with price trading closer to the midline.
Momentum and Indicators
The RSI remained in neutral territory for much of the session, fluctuating between 45 and 55. It briefly dipped into oversold territory in the late afternoon, but no sustained move followed. The MACD histogram displayed alternating positive and negative bars, reflecting mixed momentum. The zero line crossing occurred multiple times, indicating no clear directional bias.
Volume and Turnover Analysis
Volume surged significantly during the early morning hours, especially between 00:00 and 04:00 ET, with several 5-minute intervals exceeding 4 million TRU traded. Notional turnover spiked during these periods, aligning with the price break below the $0.0104 support. In contrast, volume dipped in the late afternoon despite the sharp price decline, indicating weak follow-through from sellers.
Implications and Outlook
TRUUSDT remains in a consolidative phase with key support and resistance levels clearly defined. The recent breakdown below $0.0104 may indicate a short-term bearish bias, but the strength of the move is yet to be confirmed. If the $0.0099 level holds, a rebound could occur. However, a break below that level could accelerate the downward trend. Investors should watch for a retest of $0.0104 for confirmation of a potential reversal.
The next 24 hours could bring more volatility, especially if the market tests the recent low of $0.0097. Caution is advised as divergence between price and volume suggests mixed market sentiment.
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