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 July 08, 2024, Theta Fuel is trading at approximately 0.06342 USDT. Let’s dive into the detailed price action for TFUEL-USDT:
Metric | Value |
---|---|
Open (O) | 0.06158 |
High (H) | 0.06478 |
Low (L) | 0.05866 |
Close (C) | 0.06342 |
Volume (C) | 22,058,158.00 |
- Open (O): The opening price for today’s trading session was approximately 0.06158 USDT.
- High (H): Theta Fuel reached a daily high of around 0.06478 USDT.
- Low (L): The daily low for TFUEL-USDT was approximately 0.05866 USDT.
- Close (C): At the time of analysis, Theta Fuel is trading near its daily close of 0.06342 USDT.
Metric | Value |
---|---|
1D Change (%) | 2.95% |
3D Change (%) | 0.41% |
7D Change (%) | -18.23% |
30D Change (%) | -27.73% |
90D Change (%) | -43.99% |
YTD Change (%) | 35.31% |
Over the past three days, TFUELUSDT has experienced a moderate increase of approximately 0.41%, indicating growing market volatility. In contrast, its performance over the last week has been marked by a decline of around -18.23%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -27.73%. Looking further back at the last 90 days, TFUELUSDT has witnessed a substantial drop of around -43.99%, reflecting a significant loss in long-term confidence. However, year-to-date, TFUELUSDT has shown a steady increase of approximately 35.31%.
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 0.74825.
- Momentum score is -0.159.
TFUEL USDT Technical Analysis
Theta Fuel Trading Volume:
The trading volume for Theta Fuel (TFUEL) over the past 24 hours has been significant, with approximately 22,058,158.00 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 low zone, around 40.04924. This suggests that Theta Fuel is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Theta Fuel (TFUEL-USDT) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals indicating a potential downward movement.
Follow potential bearish trend for Theta Fuel (TFUELUSDT) at 6.34e-02 USDT with technical analysis, indicating cautionary indicators and weakened support.
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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.