📍 Market Update – TrueFi (TRU) | June 18
Current Price: $0.0313
TRU is down about 5% in the last 24 hours, moving with broader crypto market weakness driven by macro and geopolitical tensions.
What is TrueFi (TRU)?
TrueFi is a DeFi protocol for uncollateralized lending, using on-chain credit scores. TRU is the governance and staking token that lets holders vote on loans and earn rewards for participation.
Technical Analysis
TRU recently broke out of a long-term descending trendline. Price is now retesting near that former resistance.
There's a potential cup-and-handle pattern forming on the daily chart. The handle resistance sits around $0.041–$0.042.
Current support is right around $0.031–$0.032 — this is a potential recoil zone.
If this level fails, stronger support lies at $0.029.
RSI (on the 4-hour and daily chart) shows bullish divergence, suggesting buying pressure may be building under the surface.
Buy and Sell Strategy
Buy zone: $0.031–$0.032
This is a low-risk entry area, close to support. Use a stop-loss slightly below $0.029.Short-Term TP’S: 0.0322, 0.0330, 0.035$
Add more: On price reclaiming $0.035 (trendline retest confirmation).
Breakout Buy: If TRU breaks above $0.041 with strong volume, targets would be around $0.047 and $0.056.
Macro and Geopolitical Context
The Federal Reserve did not announce a rate cut, and the next one is expected around September. That keeps liquidity tight, which pressures risk assets like crypto.
Rising Israel–Iran tensions are adding uncertainty to global markets. This has led to a pullback in altcoins like TRU as traders seek safety.
Recoil Summary
TRU is trading near a strong support area after breaking its downtrend. If the $0.031–$0.032 zone holds, it offers a good entry with limited downside. A bounce above $0.035 confirms strength, while a breakout above $0.041 could trigger the next leg toward $0.056.
IMP: Always manage your risk and avoid over trading. Have a good day!🥰
