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Pearl
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Venice Token
- Theta Fuel Price after breaking out of the parallel channel yesterday, has started falling today.
- The crypto asset has fallen below 200-days DMA, whereas it still stands above 20, 50 and 100 DMA.
- The pair of TFUEL/BTC is trading at 0.000004544 BTC with an intraday loss of 4.60%, and the ratio of TFUEL/ETH is CMP at 0.00006244 ETH with a 24-hour negative change of 5.34%.
TFUEL coin price is bearish over the daily chart and has started the day’s session with a red candlestick over the daily chart. The token gained notably yesterday and broke out of the rising channel but bulls failed to sustain and TFUEL started falling then onwards. TFUEL investors maintained the token’s momentum inside the rising channel but looks like sellers strike in between to break down TFUEL. The crypto asset has gained around 50% of its market cap value throughout the rising channel.
TFUEL coin is presently CMP at $0.20 and has lost 9.26% of its market capitalization in the last 24-hour period. Meanwhile, trading volume has decreased by 46.93% in the intraday trading session. This signifies the sellers are tightening their grip and looks like TFUEL is slipping from bulls side.
Theta Fuel Coin price is falling with a slight downtrend over the daily chart. The token is falling from the grips of bulls and is now favouring bears in the intraday trading session. However, bulls may try to steal the moment from bears as peer buying may help TFUEL to maintain its uptrend momentum. Volume change over the chart is below average and needs to grow for any directional change to be experienced by TFUEL.
What do Technical Indicators Suggest about TFUEL?
TFUEL Coin price has been trading in a rising channel over the daily chart. The token made its way out of the rising channel as it broke out of it yesterday, but failed to sustain and fell down. Now bears are trying to short the scenario by pulling TFUEL down from the rising channel. However, bulls try to sustain the token inside the inclining channel.
Technical Indicators confirmed the uptrend momentum of TFUEL from the past few days. Supertrend on the other side of the story, showcases the bullish zone for TFUEL over the daily chart.
Stoch-RSI forecast TFUEL coin’s presence in overbought territory. K and D are at 990 and 93 marks respectively. TFUEL may witness any directional change over the chart.
MACD exhibits a bullish nature of the token and is in the positive zone with no intentions of crossover.
Conclusion
TFUEL Coin price is planning to fall down from the rising channel. TFUEL investors need to wait for any directional change over the chart. The technical indicators do confirm the uptrend momentum but are’t signalling any strong bearish momentum for TFUEL coin.
Technical Levels
Support Levels: $0.15 and $0.10
Resistance Levels: $0.23 and $0.30
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
