#TRUUSDT Analysis
In the 4-hour timeframe, TRUUSDT is currently priced at $0.1384, testing the resistance level near the VWAP at $0.1401. The 200-period SMA at $0.1291 acts as a strong support level. With an RSI of 53.51, there is room for upward movement. The MACD indicates mild bullish momentum with a positive histogram. Volume analysis shows strong buying interest, suggesting a potential bullish trend if sustained. Bollinger Bands indicate a possible overbought condition, hinting at a short-term pullback before further gains.
In the daily timeframe, TRUUSDT also trades at $0.1384, above the 200-period SMA at $0.1080, confirming a longer-term bullish trend. The RSI at 53.23 suggests neutral conditions with upward potential.
The MACD shows bullish momentum, supported by increasing volume. The price near the upper Bollinger Band suggests potential overbought conditions, possibly leading to consolidation before further gains.
Bullish Scenario: If TRUUSDT breaks and sustains above the VWAP in both timeframes, it could target $0.15 and $0.16.
Bearish Scenario: Failure to sustain above the VWAP and a fall below the 200-period SMA could lead to lower support levels around $0.12 and $0.11.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies carries a high level of risk, and you should consult with your financial advisor before making any investment decisions.
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