TRU Token Reflects Bounce; Can Bulls Retain $0.12000 Mark Ahead?

The TRU token (TrueFi) price has glimpsed a pullback, and buyer accumulation has been witnessed this week. Recently, the token saw a retracement move from the mark of $0.19000d profit booking was noted, resulting in retesting the 200-day EMA mark. However, bulls somehow managed to gain traction and a sharp rebound of over 47% this week.

At press time, the TrueFitoken (TRU) price traded at $0.1113 with an intraday gain of 3.60%, reflecting neutrality on the charts. It has a monthly return ratio of 30.56% and 45.80% on a yearly basis. The pair of TRU/BTC is at 0.00000172 BTC, and the market cap is $123.94 Million. Analysts are neutral and suggest that the TrueFi token may attain momentum and will soon retain the midline near the $0.15000 mark.

Over the past few sessions, the token has witnessed profit booking and retraced over 29% this month, replicating the fight between the bulls and bulls. The token has retested the 200-day EMA mark, and a sharp bounce glimpsed, trapping the bear cartel.

TRU Price Volume Analysis On Daily Charts

The TrueFi token price and volume indicate profit booking in the last sessions on the daily chart. However, the trend is neutral, and the token delivered volatile moves, and lower low swings were noted in the past weeks. Since the beginning of this month, the token has delivered bull accumulation, and buying momentum has been noted.

Per the Fib retracement levels, the TrueFi price trades near the 23.6% zone and the mid Bollinger Band. The RSI curve stayed in the oversold region and showed a positive divergence, suggesting a volatile move ahead.

The tokens total supply is 1.44 billion, and the volume-to-market cap ratio is 0.428. The fully diluted market cap of the token is $159.44 Million, whereas it stands at 341 per the market cap in the global crypto market.

Summary

The TrueFi token price signifies a pullback, and a bullish harami candlestick was noted near the 200-day EMA mark. Per the price action, the token may extend the rebound and retain the $0.13000 mark ahead shortly.

Technical Levels

Support Levels: $0.1070 and $0.1000

Resistance Levels: $0.1170 and $0.1250

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they dont establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.