TrueFi/Tether Market Overview

• Price climbed from 0.0206 to 0.0217 before retreating to 0.0201, suggesting bearish reversal tendencies.
• Volatility surged mid-day before tapering off, with volume peaking at 3.74 million units in early morning hours.
• RSI showed overbought conditions in the afternoon but fell into neutral territory after a sharp sell-off.
• Bollinger Bands saw expansion during the morning and a retracement into the lower band by late afternoon.
• Bullish patterns emerged in late morning but failed to hold, while volume failed to confirm the upswing.

TRUUSDT Daily Price Action

TrueFi/Tether (TRUUSDT) opened at $0.0206 on 2025-10-13 at 12:00 ET and climbed to a high of $0.0217 before declining sharply into the evening, closing at $0.0201 as of 12:00 ET on 2025-10-14. The 24-hour volume amounted to 117,322,842 units with a notional turnover of approximately $2.43 million (calculated from average price of $0.0207). A sharp sell-off occurred in the early morning hours, dragging the price down by nearly 13% in a four-hour period.

Structure & Formations

The price action displayed a short-lived bullish breakout in the late morning, marked by a 3% rally from $0.0207 to $0.0217. This was followed by a bearish reversal pattern, particularly around the 0.0216–0.0217 resistance level. A significant intraday high at $0.0217 failed to hold, indicating a lack of conviction on the upside. Key support levels emerged around $0.0205 and $0.0202, both of which were tested twice in the late evening and early morning.

Moving Averages and Momentum

The 20- and 50-period moving averages on the 15-minute chart crossed above the price during the late morning, confirming the initial bullish thrust. However, the 50-period line quickly crossed below the 20-period line as the price declined, signaling a bearish crossover. On the daily chart, the price closed below its 50-period line, indicating a potential continuation of bearish momentum. The RSI oscillated between overbought and neutral zones, peaking at 68 before falling below 45 by 10:00 ET, suggesting weakening bullish momentum.

Bollinger Bands and Volatility

Volatility expanded significantly during the morning hours, with the Bollinger Bands widening to accommodate the 0.0207–0.0217 range. By early afternoon, the bands began to contract slightly, reflecting reduced uncertainty. The price closed near the lower band, indicating oversold conditions. A further test of the upper band at $0.0217 may trigger a retest of key support levels if buyers fail to step in.

Fibonacci and Divergences

Fibonacci retracement levels from the key intraday high of $0.0217 to the low of $0.0202 were critical in guiding price action. The 38.2% retracement level (~$0.0210) failed to hold, while the 61.8% level (~$0.0207) held briefly in the evening before the price continued its downward trajectory. Volume and price showed divergence in the late morning, with volume peaking at 3.74 million units as the price approached $0.0201, suggesting a potential reversal.

Backtest Hypothesis

The data indicates the presence of potential Bullish Engulfing patterns during the late morning and early afternoon, though confirmation remains inconclusive due to the absence of specific pattern detection from the data provider. If the TRUUSDT pair on Binance spot (as assumed) is the correct symbol, running a backtest on the identified pattern dates could help evaluate its predictive power. A 3-day holding-period analysis could clarify whether such patterns are reliable entry signals amid the pair’s recent volatility and shifting momentum.