- The Theta Fuel price is increasing upwardly, around 4.8%, during the intraday trading session.
- The 24-hour trading volume is at $286 million.
- TFUEL/BTC pair is also trading positive by 5.5% at 0.00000781 BTC.
Daily technical chart and the Theta Fuel price trend are showing an upward trend. Based on the pivot level, the initial support level is 0.32 USD. From another perspective, if it accelerates, the resistance level to watch is 0.48 USD. Although the chart created a bearish inside candlestick pattern during the day, the price is expected to be a downside, but the reliability is medium.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price breaks through the Red Moku Cloud and now slips past the Green Moku Cloud, so the cost is above the Green Moku Cloud, ensuring the upward trend of TFUEL.
Trading volume (70.62 M) is higher than the 20-day moving average (60.27 M). In short, the high volume of transactions caused the price to break through the resistance zone. Investors may also notice that the volume bar on the chart is declining, which indicates that surprising volatility is expected in the next trading day.
A Stochastic RSI (bearish) value of K-84 D-94 represents a sell signal for the currency. Investors may observe a downward trend and negative crossover in the index. It can stay in the negative zone in future trading sessions.
After Minor Adjustments Theta Fuel Price May Rise Again
The price of Theta Fuel today is $0.403072, and the 24-hour trading volume is $289,716,011. The cost of TFUEL has increased by 5.1% in the past 24 hours. The circulation of TFUEL coins is 5.3 billion, and the total supply is 5.3 billion. The Stochastic RSI indicator shows a sell sign, and the traders have led to high volume. Technically, the price resides around the resistance zones and continues in a higher trend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $0.48
Support Level: $0.32