TRU has been trading inside a well-defined descending channel on the daily timeframe, respecting both the upper and lower boundaries multiple times. The overall structure remains bearish, with consistent lower highs and lower lows.
Recently, price accelerated into the lower boundary of the channel and reacted from the 0.0063 – 0.0054 support zone, which aligns with prior demand and structural lows. That reaction suggests short term exhaustion from sellers, especially after the sharp impulsive drop.
At the moment, price is attempting a relief bounce within the channel. However, the real confirmation of strength comes only if it can reclaim and hold above 0.0073, which is the mid range resistance and previous breakdown level.
Above that, the next key resistance sits around 0.0115, which aligns with the upper channel boundary and Fibonacci retracement zone. A breakout above the channel would shift structure and open room toward 0.0309 as a higher timeframe target.
If price fails to reclaim 0.0073 and gets rejected, continuation toward the lower channel extension remains possible.
So structurally:
• Trend remains bearish inside a falling channel
• Price is reacting from major support
• Break above the channel flips momentum
• Rejection keeps the downtrend intact
This is a compression phase near the lower boundary. The next move will likely be decisive.
@TrueFi $TRU #trupriceprediction #tru