In this Theta Fuel technical analysis, we will examine the current price action, trading volume, key levels and indicators for TFUEL-BTC. Theta Fuel is a decentralized video streaming platform that utilizes blockchain technology to provide users with an ad-free and more secure viewing experience. TFUEL is the native cryptocurrency of the Theta network, allowing content creators to monetize their videos and receive rewards in the form of TFUEL tokens. With its innovative approach to video streaming and token-based incentives, Theta Fuel has gained significant attention in the blockchain and cryptocurrency space.
Theta Fuel Price Overview:
As of May 16, 2024, Theta Fuel is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for TFUEL-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 6,688,361.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Theta Fuel reached a daily high of around 0.0 BTC.
- Low (L): The daily low for TFUEL-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Theta Fuel is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.97% |
| 3D Change (%) | 3.29% |
| 7D Change (%) | -10.29% |
| 30D Change (%) | 16.30% |
| 90D Change (%) | 80.46% |
| YTD Change (%) | 42.73% |
Over the past three days, TFUELBTC has risen by approximately 3.29%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -10.29%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TFUELBTC maintaining an upward trend of approximately 16.30%, despite intermittent fluctuations. Examining the last 90 days, TFUELBTC has witnessed substantial increase of approximately 80.46%, reflecting strong long-term confidence. Year-to-date, TFUELBTC has steadily appreciated by around 42.73%, 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-BTC 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 0.58596.
- Momentum score is -0.2266.
TFUEL BTC Technical Analysis
Theta Fuel Trading Volume:
The trading volume for Theta Fuel (TFUEL) over the past 24 hours has been significant, with approximately 6,688,361.00 BTC 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-BTC is currently in the neutral zone, around 51.80378. This suggests that Theta Fuel is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Theta Fuel (TFUEL-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Unveil potential setbacks for Theta Fuel (TFUELBTC) at 1.57e-06 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
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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.