TrueFi (TRU) Down 0.07% Monday: What's Next?

Monday, March 20, 2023 08:14 AM | InvestorsObserver Analysts

TrueFi (TRU) has been relatively more volatile compared to the crypto market. So far Monday, the Decentralized Finance has lost 7.11% to $0.08633613769.

InvestorsObserver is giving TrueFi a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on TrueFi!

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Highly Volatile

InvestorsObserver gives TrueFi a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. TRU's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

TrueFi price is trading near resistance. With support near $0.0805399257780956 and resistance set at $0.08784822263736. This leaves TrueFi with potential selling pressures ahead as it may be getting over extended.