In this Theta Fuel technical analysis, we will examine the current price action, trading volume, key levels and indicators for TFUEL-USDT. Theta Fuel is a decentralized cryptocurrency that utilizes blockchain technology to provide users with a secure and transparent platform for streaming and sharing video content. TFUEL allows creators to monetize their content through a token-based system, providing an alternative to traditional advertising revenue models. With its innovative approach to video streaming and monetization, Theta Fuel is poised to disrupt the digital media landscape.
Theta Fuel Price Overview:
As of May 14, 2024, Theta Fuel is trading at approximately 0.09175 USDT. Let’s dive into the detailed price action for TFUEL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.09576 |
| High (H) | 0.09597 |
| Low (L) | 0.09056 |
| Close (C) | 0.09175 |
| Volume (C) | 29,719,152.00 |
- Open (O): The opening price for today’s trading session was approximately 0.09576 USDT.
- High (H): Theta Fuel reached a daily high of around 0.09597 USDT.
- Low (L): The daily low for TFUEL-USDT was approximately 0.09056 USDT.
- Close (C): At the time of analysis, Theta Fuel is trading near its daily close of 0.09175 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.19% |
| 3D Change (%) | -8.93% |
| 7D Change (%) | -13.79% |
| 30D Change (%) | 5.33% |
| 90D Change (%) | 111.26% |
| YTD Change (%) | 95.75% |
Over the past three days, TFUELUSDT has declined by approximately -8.93%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -13.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TFUELUSDT maintaining an upward trend of approximately 5.33%, despite intermittent fluctuations. Examining the last 90 days, TFUELUSDT has witnessed substantial increase of approximately 111.26%, reflecting strong long-term confidence. Year-to-date, TFUELUSDT has steadily appreciated by around 95.75%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Theta Fuel Live Chart:
You can access a live price chart for TFUEL-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.89164.
- Momentum score is -0.12959.
TFUEL USDT Technical Analysis
Theta Fuel Trading Volume:
The trading volume for Theta Fuel (TFUEL) over the past 24 hours has been insignificant, with approximately 29,719,152.00 USDT traded against TFUEL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): TFUEL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Theta Fuel is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TFUEL-USDT is currently in the neutral zone, around 48.70309. This suggests that Theta Fuel is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Theta Fuel (TFUEL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment for Theta Fuel (TFUELUSDT) at 9.17e-02 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
Take the next step in your exploration by delving into our detailed insights on TFUEL BTC Theta Fuel Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.