- TFUEL coin price is observing a downside momentum and can soon hit the next support in the future. In contrast, Theta Fuel Price is trading with a loss of more than 0.23%
- Technical Indicators of the TFUEL price hint towards a strong upside trend in the future. Meanwhile, TFUEL/BTC pair has seen a loss of more than 0.3% in the past 24 hours.
Why Invest In TFUEL Crypto?
TFUEL crypto price is currently seeing a downside momentum and can soon see a rebound in the future. Theta fuel price has seen a loss of more than 0.23% in the past 24 hours and is trading near the value of $0.32. Theta blockchain has two tokens one is THETA and the other is TFUEL. It has been serving as the utility token in decentralized video and data delivery, it also acts as a gas token for the future. It is also used to incentivize the users in the ecosystem who share their computing power in video distribution. One can invest in TFUEL according to their needs and risk capacity.
TFUEL coin is ranked 78th in the CMC and has a market dominance of 0.1%. The volume to market cap ratio of the coin hints towards a strong bullish momentum in the future. One can forecast a strong upside momentum in Theta Fuel in the upcoming days.
TFUEL Coin Price Technical Indicators Suggests A Downside Momentum
The weekly technical chart of the TFUEL price hints towards a consolidated momentum in the future. It is down by more than 5% in the weekly technical chart. On the daily technical, THETAFUEL price has been observing a bearish trend in the future. TFUEL hostile region while going up can be seen near $0.5. In contrast, the bounceback region of a coin can be seen near $0.25. The price is trading below 50 and 100 Daily Moving Average, with a negative crossover in the future. The 50MA line is near $0.325, which acts as temporary support of the price. TFUEL price has formed a bearish engulfing pattern in the daily chart.. If the price goes 15% below the current level then a downside momentum can be seen. TFUEL/BTC pair can see a downside momentum in the future.
Conclusion
TFUEL price is currently observing a downside momentum and can soon hit a new low in the future. TFUEL/BTC pair can see a new high in the upcoming days. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$0.25
Major Resistance:$0.5