TRUUSDT Market Overview for 2025-11-09

Summary
• TRUUSDT ended the 24-hour period at 0.0175, with a high of 0.0181 and low of 0.0170.
• Strong buying pressure emerged in late hours, pushing the pair above key resistance levels.
• Volume surged significantly during the final 4 hours, suggesting increased conviction in the short term.

TrueFi/Tether (TRUUSDT) opened at 0.0175 at 12:00 ET–1 and closed at 0.0175 at 12:00 ET. The 24-hour high reached 0.0181, and the low dropped to 0.0170. Total volume was 35,309,538.0 TRU, and the notional turnover was approximately $611,185.69 (calculated as volume × average price of ~0.0173).

The 24-hour chart shows a mixed but volatile pattern. The asset bounced between key support and resistance levels, with the price forming a bullish engulfing pattern late in the session. This pattern appears after a consolidation phase and may suggest a potential reversal to the upside.

The 20-period and 50-period moving averages on the 15-minute chart remain relatively flat, indicating a sideways bias earlier in the day. However, a clear upward crossover emerged in the final hours, signaling a short-term bullish shift. The 50-period MA is beginning to turn upward, which may reinforce the bullish bias over the next few hours.

The RSI (14-period) dipped into oversold territory in the early hours and then steadily climbed into the 50–60 range by the close, indicating moderate strength in the rally. The MACD showed a bullish crossover in the last four hours of the session, suggesting a potential continuation of the upward move. Bollinger Bands expanded in the latter half of the day, reflecting rising volatility and reinforcing the strength of the rally.

Fibonacci retracement levels drawn from the day’s high (0.0181) and low (0.0170) suggest that key support sits at 0.0174 (38.2%) and 0.0172 (61.8%). The close of the session near 0.0175 aligns with the 38.2% level, which may serve as a short-term pivot point.

The recent price action suggests that the pair may consolidate above 0.0174 in the near term or test the 0.0170–0.0172 range for a potential bounce. Traders may want to watch for a break above 0.0181, which could trigger a larger bullish move, or a break below 0.0170, which could signal a deeper correction.

The volume profile shows a significant increase starting around 15:00 ET, with the largest single candle contributing 889,165 TRU in turnover. This period also saw the highest high of the day at 0.0181. Notably, the volume and price action aligned closely during the final hour, indicating strong buyer participation. However, traders should be cautious of a potential divergence if the price fails to maintain these levels without a corresponding volume surge.

Backtest Hypothesis
A potential strategy for TRUUSDT involves leveraging the Bullish Engulfing candlestick pattern to capture short-term reversals. On 2025-11-09, a clear Bullish Engulfing pattern formed near the close, with a long bearish candle followed by a larger bullish candle that fully engulfed the prior session’s range. This pattern typically signals a shift in momentum and could be used as a buy trigger. A backtest using this pattern since 2022 may help quantify its reliability and expected returns. However, given the current data limitations (ticker mismatch), we need the correct exchange-ticker code (e.g., BINANCE:TRUUSDT) to proceed with an automated extraction of all such signals.