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Honestly, seeing TRU suddenly bounce in the past couple of days, I really don't have much feeling about it.
It rose 60% in ten hours, from $0.0061 to $0.0099, looking pretty impressive, right? But you have to look at how much it dropped before—that was a decline of over ten times. Now it only bounces a little, not even enough to be called a splash. It's like someone falling from the tenth floor, bouncing on the ground, and you tell me he's "recovering"?
On the technical indicators, both MA7 and MA25 are still lying at the bottom, MACD has turned red, but honestly, that volume is just a rebound setup. The trading volume looks substantial, but anyone familiar with this market knows that such a rally is mostly because the big players themselves can't stand it anymore—they throw in some money to give it a boost, so their holdings don't look so bad.
The TrueFi project itself isn't anything new; the TRU token claims to be used for governance, staking, and incentivizing borrowers. Sounds lively, right? But think carefully—after a coin has dropped over ten times, how much can its "ecosystem utility" really support? Borrowers stake TRU to increase their limits—problem is, TRU has already fallen so much, who still wants to take it seriously?
Some community members are also shouting "be cautious," which basically means they’re not confident either. Overbought indicators are there, and whether it continues to rise or reverses and crashes depends entirely on the big players’ mood. Do you expect this coin to turn things around? You might as well flip a coin.
Anyway, my view on these altcoins has always been the same: after falling ten times, a rally of a few dozen points, don’t get caught up. Things that are worth close to zero, moving occasionally, are just to make you feel like "there's still hope." Whether you believe it or not, that’s up to you. $TRU #原油小幅上涨