Market Overview for TrueUSD (TUSDUSDT) – July 17, 2025

• TrueUSD (TUSDUSDT) traded in a narrow range near 0.9974–0.9976, with no clear directional bias.
• Low volatility and minimal price deviation suggest consolidation, with no strong reversal or breakout patterns.
• Volume surged in the overnight session, though price remained range-bound, indicating limited conviction.
• RSI and MACD showed neutral readings, with no signs of overbought or oversold conditions.
• Bollinger Bands remained compressed, signaling a potential pre-move phase ahead.

TrueUSD (TUSDUSDT) opened at 0.9974 on July 16 at 12:00 ET and closed at the same level by 12:00 ET the following day. The 24-hour range was 0.9973–0.9978, with total volume of 343,960 and notional turnover of ~343,089 USDT. The pair remained in a tight consolidation pattern throughout the period.

Structure & Formations

The 15-minute candlestick data revealed no strong reversal or continuation patterns. Prices remained within a narrow range, with key support at 0.9973 and resistance at 0.9976. A notable 15-minute bullish engulfing pattern appeared briefly at 21:45 ET, but it failed to trigger a breakout. The absence of strong directional candlestick formations suggests traders are waiting for a catalyst.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned near 0.9974–0.9975, reinforcing the sideways bias. Daily moving averages (50, 100, 200) also showed minimal deviation, indicating no long-term trend is forming. Prices remained well within the 20-period MA, suggesting a continuation of the consolidation phase.

MACD & RSI

The 15-minute MACD remained flat with no divergence, while the RSI oscillated between 45 and 55, indicating equilibrium between buying and selling pressure. No overbought (>60) or oversold (<40) readings were observed. This suggests that momentum is balanced and no significant directional move is imminent.

Bollinger Bands

Bollinger Bands were compressed, with the 20-period midline near 0.9974–0.9975. Prices remained within the bands for the majority of the session, with only a few minor touches of the upper and lower boundaries. This contraction could precede a breakout, but no such event materialized within the 24-hour window.

Volume & Turnover

Volume spiked during the overnight and early morning hours, particularly between 00:00 and 06:00 ET, with a total volume of over 34,000 in the 12:30 ET candle. However, these spikes did not result in significant price movement, indicating a lack of conviction. Turnover mirrored volume trends, with the highest notional turnover also occurring during the early morning hours.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing (0.9973–0.9978), the 38.2% level is at 0.99756 and the 61.8% level is at 0.99744. Prices have tested the 61.8% level multiple times, suggesting it may act as a key support/resistance ahead. No major daily Fibonacci levels were breached during the 24-hour period.

While the market appears to be in a state of consolidation, the recent increase in volume and minor price tests of key levels suggest traders should remain attentive for a potential breakout. However, without a clear catalyst or trend formation, directional bias remains uncertain. Investors should watch for a break above 0.9976 or below 0.9973 for confirmation of a new trend, while being mindful of low volatility and limited conviction in current price action.