In new technical analysis, the Theta Fuel blockchain network provides a robust end-to-end infrastructure for video streaming and delivery. It provides quick solutions to both technical and real-life economic problems. The Theta token is the prime governance token of this ecosystem while the Theta fuel token (TFUEL) is the <a href="https://www.cryptoknowmics.com/news/tfuel-in-a-price-pullback-technical-analysisprice-decrease/">gas token</a> of this network.
<h2><b>Past Performance</b></h2>
On April 19, 2021, TFUEL started trading at $0.32. As of April 25, 2021, TFUEL closed at $0.27. Thus, in the past week, the TFUEL price has declined by roughly 16%. In the last 24 hours, TFUEL has traded between $0.26-$0.29.

<img class=" wp-image-194851" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/04/TFUEL-300x182.png" alt="" width="648" height="393" />

<a href="https://s3.tradingview.com/snapshots/7/7pjtSC41.png">https://s3.tradingview.com/snapshots/7/7pjtSC41.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, TFUEL is trading at $0.29. The price has increased from the day’s opening price of $0.27. Thus, the market seems to be uptick.

The <strong>MACD and signal lines</strong> are positive. Thus, the overall market momentum is bullish. However, a bearish crossover by the MACD line over the signal line has occurred. Hence, we can expect a brief price pullback amidst a rising price trend.

The <strong>RSI indicator</strong> is currently at 52%. It faced rejection at 62% and fell to the current level. Thus, selling pressures are building up. Hence, we can expect the price to start declining.

The <strong>A/D indicator</strong> is upward sloping. This implies that whale accumulations are higher than whale distributions. High demand for crypto will push its price upwards. Hence, we can expect the price to rise further.

When we look at all the oscillators together, we can say that the overall price trend is positive, but intermittent price pullbacks can be expected as a part of the price correction process.
<h2> <b>TFUEL Technical Analysis</b></h2>
As per technical analysis, currently, the price is above the first <strong>Fibonacci pivot resistance level</strong> of $0.28. If the positive market momentum continues, we can expect the price to surpass the subsequent resistance levels of $0.29 and $0.30 respectively, in some time.

The price has tested and broken out of the <strong>23.6% FIB retracement level</strong> of $0.28. It may soon break out of the <strong>23.6% FIB extension level</strong> of $0.30. Thus, as of now, the market seems strongly bullish, and we can expect the price uptrend to continue today as well as tomorrow.

TFUEL Technical Analysis: Price Trend Positive with Intermittent Price Pullbacks

TFUEL tested and broke out of the 23.6% FIB retracement level of $0.28. It may soon break out of the 23.6% FIB extension level of $0.30. Thus, as of now, the market seems strongly bullish and we can expect the price uptrend to continue today as well as tomorrow.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

TFUEL Technical Analysis: Price Trend Positive with Intermittent Price Pullbacks

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