The descending trendline breakout triggers a bullish recovery rally propelling the TFUEL prices potentially to the $0.10 mark.  

Key technical points: 
<ul>
 	<li>The TFUEL prices jumped by 3.51% in the last 24 hours.</li>
 	<li>The double-bottom breakout rally sustains above the 50-day SMA</li>
 	<li>The 24-hour trading volume of Theta Fuel is $153.1 Million, indicating a rise of 449.5%.</li>
</ul>
<h2>Past Performance of TFUEL </h2>
<a href="https://www.cryptoknowmics.com/news/tfuel-technical-analysis-buyers-prepare-to-sabotage-retest-phase/">TFUEL</a> prices have been trending lower within the influence of a bearish trendline during the downfall from $0.076 to $0.041. However, the recent bull cycle results in a double breakout rally, eventually beating the resistance trendline. The breakout rally shows an increased bullish commitment as the volume indicator spikes sharply over the last 48 hours.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/k/kzhcIyO5.png" alt="TFUEL/USDT Chart" width="2047" height="966" />

Source- <a href="https://www.tradingview.com/x/kzhcIyO5/" target="_blank" rel="noopener">Tradingview</a>
<h2>TFUEL Technical Analysis </h2>
The breakout rally accounts for a 44.82% jump in the last week, breaking above the 50-day SMA close to the psychological mark of $0.050. Hence, if the prices sustain above the $0.050 mark with a retest, investors can expect an upside rally to the 100-day SMA. 

The daily-RSI slope enters the overbought territory reflecting an improvement in the underlying sentiments. However, the slope takes a rest at the overbought boundary, creating the threat of a reversal. 

The MACD indicator shows a bull run in fast and slow lines avoiding multiple bearish crossover events over the last couple of months. 

Moreover, the prices display a high possibility of sustaining above the 50-day SMA, teasing a jump to the 100-day SMA. In a nutshell, TFUEL technical analysis showcases the increasing likelihood of a bull run to the $0.10 mark.
<h2>Upcoming Trend</h2>
The TFUEL price can reach the $0.10 mark if the buying spree exceeds the 100-day SMA at the $0.085 mark. However, the uptrend might find opposition at the $0.075 mark before reaching the SMA. Conversely, a bullish failure to surpass the $0.075 mark, a retracement rally will retest the psychological mark of $0.050.

Resistance Levels: $0.075 and $0.085

Support Levels: $0.050 and $0.041

TFUEL Technical Analysis: Buying Spree Drives TFUEL Above $0.05

TFUEL Technical Analysis shows the descending trendline breakout triggering a bullish recovery rally propelling the TFUEL prices to the $0.10 mark. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

TFUEL Technical Analysis: Buying Spree Drives TFUEL Above $0.05

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