thecoinrepublic.com
- 1 TrueFi (TRU) is demonstrating bullishness on the daily technical chart.
- 2 Indicators are positive, supporting the TRU crypto price.
- 3 Analysts are also bullish on the TRU cryptocurrency.
TrueFi crypto price is trading in the bullish zone above the Key moving averages with an intraday surge of 23.17% at the time of writing.
TRU has given a strong breakout covering the last two months candle TrueFi is one of the hottest narratives this year on RWA looking strong on technical charts.
TrueFi operates as a protocol that creates interest-bearing pools offering high APRs for liquidity providers. By utilizing TrustTokens (TRU), TrueFi combines utility and reward mechanisms to incentivize participants to maintain consistently high APRs.
The TrueFi (TRU) token is expected to emerge as one of the leading RWA tokens in May, experiencing a significant surge in price.
Over the past month, the price of TRU has skyrocketed by an impressive 104.76%, reaching a current trading price of $0.2176. The market capitalization of TrueFi now exceeds $245,417,260, with a daily trading volume of $133,514,265.
TrueFi (TRU) Breaks Out on Weekly Chart
On the weekly timeframe, TRU crypto broke out of $0.14402 level after consolidating for 100 days. The scenario showcases the bull is returning in the crypto.
The breakout was strong and indicators were also supporting the price. The TRU price recently broke above the 50-day and 100-day EMA levels and showcased bullishness on the weekly chart.
The RSI (Relative Strength Index) confirms the bullish momentum as the curve is in the oversold zone.
TrueFi (TRU) on Daily Technical Chart
On the Daily chart, the TRU is trading in the upward direction by making a higher high structure. At press time, the price was in the bullish zone above 50-day and 100-day EMA levels.
Indicators like super trends and awesome oscillators suggest a positive outlook on the daily time frame chart. The supertrend turns green and the awesome oscillator also shows green bars showcasing bullishness.
Summary
TrueFi (TRU) has experienced a significant surge in price, increasing by 76% in a week and 104.76% in the past month. The cryptocurrency is currently trading in the bullish zone above key moving averages. TrueFi operates as a protocol that creates interest-bearing pools offering high APRs for liquidity providers.
The TRU token is expected to emerge as one of the leading RWA tokens, and analysts are bullish on its future performance. The daily technical chart shows bullish momentum, with indicators such as the RSI, supertrend, and awesome oscillator supporting this outlook.