23 April 2024 : In this article we will walk you through Theta Fuel price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Theta Fuel, Is TFUEL a good investment? Theta Fuel support & resistance levels etc. But before diving deep into the TFUEL technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,432,375,952,672. The total trading volume stands at $65,565,289,949. Bitcoin shares 53.57 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,180.66 level after an upward movement of 0.38%.
A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -1.29 percent reaching to $3,174.21 during the previous 24 hours.
While publishing this blog, BNB traded at $605.25, following a price change of 0.05% within the same time frame.
SOL the native coin of Solana is up by 0.44 and currently trading at $154.45.
Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Theta Fuel (TFUEL)
TFUEL Resistance Levels | TFUEL Support Levels | ||
---|---|---|---|
Resistance Level 1 | $0.051 | Support Level 1 | $0.046 |
Resistance Level 2 | $0.053 | Support Level 2 | $0.043 |
Resistance Level 3 | $0.055 | Support Level 3 | $0.041 |
The daily chart of Theta Fuel shows that the TFUEL price has surged up with a 1.56% increase in past 24 hours. The price value of the Theta Fuel (TFUEL) coin is standing at $0.066 with market capitalization $397,982,224.00 USD. TFUEL price changes 11.57% over the week while the trading volume is hovering around $122,067,222.00 USD.
TFUEL price analysis for 23 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Theta Fuel.
Moving Averages | Price | Indicator |
---|---|---|
Simple Moving Average (10) | 0.049 | Buy |
Exponential Moving Average (10) | 0.049 | Buy |
Simple Moving Average (20) | 0.051 | Buy |
Exponential Moving Average (20) | 0.051 | Buy |
Simple Moving Average (50) | 0.054 | Buy |
Exponential Moving Average (50) | 0.054 | Buy |
The TFUEL/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. While TFUEL’s Williams %R indicator is at -56.34 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. RSI implying near oversold phase while trading at 33 and is trying to break out of the bearish zone.
There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.