The theta fuel price prediction 2021 is a technical analysis for the cryptocurrency, Theta Fuel. This article will discuss how the price of TFUEL will fluctuate in the future and what it means for traders.
We utilize historical data, price analysis, RSI, RVOL, and other information about TFUEL to evaluate the cryptocurrency’s future movement in Technical Analysis of Theta Fuel (TFUEL) for 2021.
On the Theta blockchain, Theta Fuel (TFUEL) is considered one of the two native tokens. TFUEL is also the governance token, with hundreds of community-run Guardian nodes and Enterprise validators like Google, Binance, Blockchain Ventures, Gumi, and Samsung supporting it.
TFUEL, in particular, is the second token on the Theta blockchain that functions as a utility token in decentralized data and video distribution, as well as a gas token. This also means that it is used to fuel all of the Theta blockchain’s activities.
Current Market Situation for Theta Fuel (TFUEL)
TFUEL is currently trading at $0.3199 on CoinMarketCap, with a 24-hour trading volume of $63,300,595 at the time of writing. TFUEL, on the other hand, has risen 0.26 percent in the past 24 hours.
TFUEL also has a circulating supply of 5.30 billion TFUEL. TFUEL is now available for purchase on Binance, Tokocrypto, Upbit, Gate.io, and ZT.
Theta Fuel (TFUEL) Technical Analysis 2021
Theta Fuel (TFUEL) is currently ranked 57th on CoinMarketCap. TFUEL may be pushed to new heights by current development and improvements. Let’s take a closer look at the TFUEL technical analysis for 2021. Theta Fuel (TFUELdaily )’s time frame chart is given below.
Head and Shoulder TFUEL/USDT Pattern (Source: Tradingview)
The Head & Shoulder pattern is shown in the graph above. This pattern appears as a baseline with three peaks, the outer two of which are similar in height and the center peak being the tallest. The head and shoulders pattern is a chart formation that indicates a trend reversal from bullish to bearish.
TFUEL trades in a $0.3 range. If the price breaks through the $0.28 trend line support level, it will continue to fall to the $0.19 level. If the trend continues to the upward, the price will shortly hit $0.67.
RSI for Theta Fuel (TFUEL)
TFUEL’s relative strength index (RSI) is seen in the chart below.
The RSI is still at 48.04, as seen in the chart below. This indicates that the price of TFUEL is neither overbought nor oversold. This, on the other hand, demonstrates that dealers may trade with caution.
RVOL Theta Fuel (TFUEL)
TFUEL’s Relative Volume is shown in the graph below. RVOL is a trading indicator that shows how current trading volume has changed over time when compared to previous trading volume.
In particular, the RVOL of TFUEL was shown to be weaker in the final week of June. TFUEL’s RVOL is now below the cutoff line, indicating that it is one of the weaker players in the current trend.
Moving Average for Theta Fuel (TFUEL)
The chart below depicts TFUEL’s Moving Average (MA). A moving average is a tool used in technical analysis to help traders spot trends.
TFUEL is now in a bullish trend. TFUEL price, on the other hand, has a good probability of rising over the 50 MA level (short-term). The price of TFUEL is over the 200 MA (long-term). Furthermore, a trend reversal is a distinct possibility at any moment.
Comparison between Theta Fuel (TFUEL) vs Bitcoin Prices
The price comparison between TFUEL and BTC is shown in the graph below.
Chart comparing the prices of TFUEL and BTC (Source: TradingView)
The trend of the BTC can be seen on the chart, and TFUEL is moving in lockstep with the trend. This means that when the price of BTC rises or falls, the price of TFUEL rises or falls as well.
With the continuing development and improvements to the TFUEL platform. In current crypto economy, Theta Fuel has a bright future ahead of it. TFUEL, on the other hand, has the potential to reach unprecedented heights.
$ 0.67 is the bullish TFUEL price forecast for 2021. As previously said, it has the potential to achieve tremendous heights, with a price of $0.7 if investors believe that TFUEL is a suitable investment in 2021.
What is TFUEL (theta fuel)?
On the Theta blockchain, Theta Fuel (TFUEL) is considered one of the two native tokens. TFUEL is also the second token on the Theta blockchain.
TFUEL is available from a variety of sources.
Binance, Tokocrypto, Upbit, Gate.io, and ZT are just a few of the crypto exchanges that have TFUEL listed. In which the cryptocurrency may be exchanged for fiat money, stablecoins, and other cryptocurrencies.
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With the TFUEL platform’s continuous development and improvements, it has a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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