Market Overview for TrueUSD (TUSDUSDT)

• Price traded in a narrow range, consolidating between 0.9970 and 0.9978 with no decisive directional bias.
• Volume surged during early morning hours, signaling increased activity but without strong price follow-through.
• RSI hovered near the midpoint, suggesting neutral momentum with no overbought or oversold conditions.
• Bollinger Bands remained compressed, indicating low volatility and potential for a breakout.
• No major candlestick reversal patterns formed, but a bullish engulfing pattern briefly appeared post-05:00 ET.

TrueUSD (TUSDUSDT) opened at 0.9976 on 2025-07-17 at 12:00 ET, reached a high of 0.9978, a low of 0.9970, and closed at 0.9971 on 2025-07-18 at 12:00 ET. Total volume for the 24-hour period was 259,614.0 units, with a notional turnover of 258,946.99 (based on TUSDUSDT pricing).

Structure & Formations

The price action remained confined within a tight range, with key support at 0.9970 and resistance at 0.9978. A minor bullish engulfing pattern formed between 05:00 and 05:15 ET, but failed to hold as buyers retreated. No significant doji or reversal patterns emerged over the full 24-hour window, suggesting a lack of conviction in either direction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, indicating a neutral trend. The 20-period MA crossed above the 50-period MA briefly in the early morning, but the signal was short-lived and lacked volume confirmation. Daily moving averages (50, 100, 200) remained flat, reinforcing the lack of strong directional bias.

MACD & RSI

The MACD histogram showed no consistent divergence or convergence, with the MACD line hovering near the zero line. RSI remained in the 45–55 range for most of the period, signaling neutral momentum. A brief spike to 58 occurred during the early morning but quickly reverted. No overbought or oversold conditions developed, suggesting balanced market sentiment.

Bollinger Bands

Bollinger Bands remained tightly compressed for most of the 24-hour period, with price staying near the midline. A slight expansion occurred between 04:45 and 05:00 ET, coinciding with the bullish engulfing pattern. However, the breakout failed, and the bands returned to a compressed state, indicating low volatility and potential for a breakout in either direction.

Volume & Turnover

Volume spiked significantly during the early morning hours (04:45–05:30 ET), reaching a peak of 73,346.0 units, but price failed to follow through on the bullish signal. Turnover mirrored the volume pattern, with a peak of 73,108.07 during the same period. A divergence between rising volume and flat price action suggests indecision among traders.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.9970–0.9978 swing, price tested the 61.8% level at 0.9975, but failed to hold. The 38.2% level at 0.9973 was retested multiple times, showing some short-term interest but no strong follow-through. No major daily Fibonacci levels were reached due to the limited price movement.

Looking ahead, TUSDUSDT appears to be in a consolidation phase, with the potential for a breakout if volume and momentum align. However, traders should remain cautious as the lack of clear directional bias increases the risk of false breakouts. A move above 0.9978 or below 0.9970 could signal the next leg in either direction.