TrueFi (TRU) has made an impressive recovery in recent days, rising more than 25% from its low of $0.0750. The price is currently trading around $0.1025 and is facing a key resistance zone at $0.1064. Does TRU have enough momentum to break out of this zone and continue its upward momentum?

  • TRU is in a short-term uptrend, confirmed by a series of higher highs and higher lows.

  • The nearest resistance zones are $0.1064 (old high) and $0.12 (historical high).

  • The nearest support levels are at $0.0988 and $0.0950.

  • RSI is at neutral levels, indicating that the bullish momentum is slowing down. MACD is showing signs of crossing above the signal line, indicating that the bullish momentum is likely to continue.

  • Short Term: TRU may retest the $0.1064 resistance zone. If it breaks above this zone with high volume, TRU may continue to rise to $0.12 and beyond.

  • Medium term: If TRU fails to break above the $0.1064 resistance zone, the price could correct lower towards the $0.0988 or $0.0950 support zone.

  • Long term: Should continue to hold if TRU is already in the portfolio, and closely monitor the developments of the project and the DeFi market.

$TRU

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