• TrueUSD (TUSDUSDT) consolidated near 0.998, with a minor bearish bias in the final hours of the 24-hour period.
• A large volume spike at 14:30 ET suggests possible profit-taking or slippage-driven selling into a sharp selloff.
• Volatility expanded in the afternoon, with
Bands widening as price moved between 0.996 and 0.9981.
• RSI remains neutral, indicating no strong overbought or oversold signals.
• Volume and price moved in sync early, but diverged during the selloff, hinting at distribution.
TrueUSD (TUSDUSDT) opened at 0.9978 (12:00 ET − 1), reached a high of 0.9981, and hit a low of 0.996, closing at 0.9978 (12:00 ET). Total volume was 271,385, with a notional turnover of $269,025.
Structure & Formations
TUSDUSDT displayed a choppy, range-bound structure for most of the day, with key support near 0.9976 and resistance at 0.9982. A large bearish candle emerged at 14:30 ET, printing a high of 0.9981 and closing at 0.9978 after a sharp decline to 0.996. This may indicate profit-taking or forced selling. Earlier in the day, price formed a bullish engulfing pattern in the early morning, which failed to carry through into the afternoon.
Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, hovering near 0.9978–0.9979, with price occasionally testing these levels. The 50-period MA has acted as a soft support in the morning. On the daily chart, the 50- and 100-period MAs remain aligned around 0.9980, with the 200-period MA slightly lower. This suggests a potential flattening of the short-term trend but a neutral longer-term bias.
MACD & RSI
The 15-minute MACD remained near the zero line, with a bearish crossover occurring around 14:30 ET following the large sell-off. RSI moved from a neutral 50 to below 35 during the selloff, indicating some oversold conditions. However, the lack of a strong rebound suggests limited follow-through buying.
Bollinger Bands
Bollinger Bands expanded significantly during the selloff, with price falling below the lower band at 0.996 before bouncing back into the middle band. This expansion signals rising volatility and may indicate a period of price discovery.
Volume & Turnover
Volume remained relatively low in the early part of the day, with most of the activity concentrated in the afternoon. The largest single candle was at 14:30 ET, with 45,372 volume and $45,257 turnover. The volume-to-price action during this period suggests distribution, as price fell sharply despite high volume.
Fibonacci Retracements
On the 15-minute chart, the recent low at 0.996 aligns with the 61.8% Fibonacci retracement level of the morning rally from 0.9976 to 0.9982. Price appears to have found some temporary support here, but further testing could be expected if the consolidation continues.
TUSDUSDT may remain in a tight range for the next 24 hours, with key watchpoints at 0.9976 (support) and 0.9982 (resistance). Investors should be cautious of potential breakouts or breakdowns following the recent volatility spike. A break below 0.9976 could trigger further downside, while a sustained move above 0.9982 may signal renewed bullish momentum.
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