TrueFi Price Prediction: 2024, 2025, 2030

TRU price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart pointed to $0.029 as the lowest support.
• On the upside, $0.800 is likely the highest resistance level.

2. Market sentiment

• TRU is in a slightly bearish market in July 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast the average price of TRU at $9 in 2029 and $170 in 2033.

Stay updated on TRU’s prospects via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

TRU technical analysis: Bearish pressure threatens recent gains

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Starting in July 2023, the asset was engulfed in bearish clutches, leading to continuous depreciation. A series of red candles drove it to its lowest level over the past year at $0.029 in mid-August. 

This low was leveraged to trigger a price rally in mid-September. The uptrend was met with substantial resistance at $0.060. Multiple tests of this level between late November and January were rejected, though the price did not fall to previous lows. 

February brought renewed optimism to the market, with many altcoins reaching new highs. Leveraging this momentum, the asset flipped the previous barrier and continued to climb into the next month. A significant surge in late March enabled TRU to test a high of $0.155.

This surge was driven by the introduction of the Trinity protocol, which aimed to increase the capital efficiency of on-chain Real-World Assets (RWA). The protocol uses the dollar-based TRI token to facilitate leverage acquisition and risk hedging. The interest-bearing tfBILL will be the first collateral asset used to back TRI.

Despite the bullish momentum, the token could not surpass it, resulting in a corrective drop to $0.100. After a brief halt, the uptrend resumed and flipped $0.155 by late May, simultaneously testing the highest yearly resistance at $0.235.

Nevertheless, the asset’s overbought state led to another correction in mid-June. Coupled with the broader market downturn, this caused substantial losses for TRU. By July, it returned to $0.100. As of the latest analysis, the token traded at $0.108.

If the bulls maintain to hold off declines at the immediate support, it could serve as a springboard for another rally. This can push the price past the current barriers to go as high as $0.666. With sustained bullish momentum, the asset could aim for $1, although this would require overcoming the $0.800 resistance.

Conversely, the price could drop to $0.083 if the current support fails. Should this level break, the next target would be $0.060 amid a downtrend.

Our models' long-term predictions indicate that the price of TRU is expected to reach an average price of $9 by 2029. By 2033, these models forecast a substantial increase, with the average price predicted to soar to $170. This significant growth reflects the anticipated strong performance and adoption of TRU over the next decade.

TRU's 2024 roadmap: Key indicators to watch and trade

• The trading volume mirrored the price movements and slightly recovered during the 2023 rallies. March’s pumps were supported by a surge in volume, which then dampened after a rejection. A similar pattern repeated in May, suggesting a lack of sustained investor conviction.
• An observation of the Directional Movement Index (DMI) revealed that the -DI line remained the lowest for the entirety of the analysis period. Meanwhile, the ADX and +DI lines frequently fluctuated across each other. 
• The +DI line moved above the ADX between late August and December, again from February to April, and very briefly in late May, after which it descended. 
• Furthermore, the ADX line followed suit by the next month while the -DI line rose. At the time of writing, the bearish trend was gaining momentum, with the latest values being ADX at 32.8748, +DI at 22.4022, and -DI at 20.1303.
• After remaining below both the 20 and 50 Exponential Moving Averages (EMAs) for the first four months, the price moved above the former in early November and even slightly above the 50 EMA later in the month.
• After a short dip in January, the price flipped these EMAs back into support by mid-February. This momentum led to the formation of a golden cross in March. Nevertheless, the candles fell beneath the 20 EMA by late June while remaining close to the 50 EMA, indicating a weakening bullish strength.