$T TUSDT Recovery Attempt – Can It Break Through Resistance Zones?
TUSDT is showing signs of recovery, currently trading at $0.01785, up +1.77% after rebounding from the April low of $0.0117. Here's the technical and sentiment breakdown:
Technical Analysis:
1. Short-Term (1H - 4H):
Bollinger Bands narrowing, suggesting reduced volatility and potential breakout ahead.
Price is consolidating above EMA(25) & EMA(50), but still below EMA(200) – a key resistance level.
RSI: Climbing near 66-68 – slightly bullish.
MACD: Weak but starting to turn positive.
Stoch RSI: In the mid-range, still has room to climb.
2. Mid-Term (1D):
Large volume spike previously indicates accumulation zone formed.
Resistance at $0.0188 and stronger around $0.0216 (EMA200).
Momentum is picking up again, but volume needs to sustain.
3. Market Data Overview:
Market cap: $181M (Rank #233), circulating supply 10.13B out of 11.16B.
ATH: $0.224 – current price is 90% below ATH, indicating deep discount.
Volume to market cap ratio: 16.3% – relatively healthy.
4. Sentiment & Positioning:
Open interest is flat, indicating neutrality.
Long/Short ratio shows shorts dominating – if price holds, potential for a short squeeze.
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Price Outlook:
Short-Term (next 1–3 days):
Neutral to Slightly Bullish – Consolidation above $0.017 could trigger a retest to $0.0188.
Mid-Term (1–2 weeks):
Bullish Bias – If price holds above $0.017 and breaks $0.019, target $0.0216–$0.023.
Long-Term (1+ month):
Speculative Bullish – Given deep discount from ATH and large supply, upside is possible if volume and sentiment shift positively.
Key Levels:
Support: $0.0164 / $0.0147
Resistance: $0.0188 / $0.0216 / $0.0234
Conclusion: TUSDT is in early recovery phase. With strong support forming around $0.0165 and indicators pointing upward, a continuation of this rebound is possible. However, a break above $0.0188 is essential to confirm bullish momentum.
