Rose

2024

World

TrueFi

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>The TRU price made a double bottom formation and rebounded from the 100-day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers have gained traction and looked confident about stretching the gains.</a></li>
</ul>
<p>The <strong>TrueFi (TRU) token</strong> signifies bullish momentum and has flipped sharply from the 100-day EMA mark this week.&nbsp;</p>
<p>A massive rebound of over 30% was glimpsed, and the token escaped its key EMA’s in a single go. Recently, the token has breached the trendline hurdle of $0.1000 and picked up momentum.</p>
<p>Meanwhile, a double bottom formation would confirm if the buyers break the neckline hurdle of $0.1360, which might result in a sharp surge ahead.</p>
<p>At press time, <strong>TRU</strong> traded at $0.1276&nbsp; with an intraday gain of 1.20%, reflecting neutrality on the charts. It has a monthly return ratio of 2.28% and a yearly return ratio of 158.12%.</p>
<p>The pair of TRU and BTC is at 0.00000189 BTC, and the market cap is $145.27 Million. Analysts are neutral and suggest that the <strong>TRU price</strong> may gain momentum and will skyrocket gains above the $0.1400 mark soon.</p>
<h2 class="wp-block-heading" id="strong-key-metrics-reveal-breakout-ahead-strong"><strong>Key Metrics Reveal Breakout Ahead</strong></h2>
<p>Despite the market correction, the<a href="https://www.thecoinrepublic.com/2024/04/14/tru-token-reflects-bounce-can-bulls-retain-0-12000-mark-ahead/" target="_blank" rel="noopener noreferrer nofollow"><strong> TrueFi token</strong> </a>did not breach its key support zone of $0.0800 and sharply reverted from the 200-day EMA mark.&nbsp;</p>
<p>The token is poised for a rise and might retest the upside trajectory of $0.1600 in the next few sessions. Buyers have gained momentum with follow-on buying pressure noted this week.</p> <iframe loading="lazy" title="Santiment Chart: Price (TRU), Volume (TRU)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=singularitynet&amp;pt=AGIX&amp;df=2023-11-19T18%3A29%3A59.840Z&amp;dt=2024-05-19T18%3A29%3A59.840Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Btruefi-token%3BTRU%5D%3B%5B1%3Bvolume_usd%3Btruefi-token%3BTRU%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center"><strong>Source: Santiment</strong></p>
<p>Over the past few weeks, the token has been in a range and has attempted a bounce. However, buyers have charged their muscles this week, and a massive upsurge was noted.&nbsp;</p>
<p>Going forward, popular analyst<strong> @WorldofCharts1</strong> conveyed the observation that the token was gone per the analysis and had surged 15% so far after the buy call.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Tru&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Tru</a><br><br>Moving As Expected Running In Almost 15% Profit So Far<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Tru?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tru</a> <a href="https://t.co/ubUf4jL2H1" rel="noopener noreferrer nofollow">https://t.co/ubUf4jL2H1</a> <a href="https://t.co/iHU4BtqFw6" rel="noopener noreferrer nofollow">pic.twitter.com/iHU4BtqFw6</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1791743596645007568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 18, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center"><strong>Source: X</strong></p>
<p>A break and close above the $0.14000 mark would trap the seller’s army, and the token would fly ahead.</p>
<p>Likewise, the trading volume gave evidence of an upcoming breakout, and a significant spike in volume was noted. The intraday trading volume rose over 23.78% to $13.70 Million.</p>
<h3 class="wp-block-heading" id="strong-sharp-uptick-in-popularity-strong"><strong>Sharp Uptick In Popularity</strong></h3>
<p>This week, a massive up move in the social dominance data was revealed, which conveys the investors’ discussion reports on the media platforms significantly increased.</p>
<p>The value surged over 54% intraday and reached 0.091%, revealing a positive outlook.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (TRU), Development Activity (TRU)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=singularitynet&amp;pt=AGIX&amp;df=2023-11-19T18%3A29%3A59.840Z&amp;dt=2024-05-19T18%3A29%3A59.840Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Btruefi-token%3BTRU%5D%3B%5B1%3Bdev_activity%3Btruefi-token%3BTRU%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%224h%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center"><strong>Source: Santiment</strong></p>
<p>Meanwhile, the <strong>development activity data</strong> looked flat and stayed near the downside trajectory mark of 0.024, revealing a neutral stance.</p>
<h3 class="wp-block-heading" id="strong-futures-data-reveal-decline-in-open-interest-strong"><strong>Futures Data Reveal Decline In Open Interest</strong></h3>
<p>Amidst the price surge, future<strong> data</strong> represent the fear among sellers, which has resulted in <strong>short-coverage activity.</strong></p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="240" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-1024x240.png" alt="TrueFi" class="wp-image-206159" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-1024x240.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-768x180.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-750x176.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244-1140x267.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-244.png 1388w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: coinglass</p>
<p>The Open interest data noted a decline of over 6.26% to $13.89 Million in the last 24 hours, highlighting the price upsurge ahead.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <strong>TrueFi token (TRU) price</strong> looks bullish and might register a sharp breakout in the next sessions. Key metrics have turned green and suggest a significant bullish movement ahead.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

TrueFi (TRU) Price Rose Over 30% This Week: What’s Going On?

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