Theta Fuel (TFUEL) is a gas token that is the second token after THETA on the Theta blockchain. It is a utility token used for decentralized data and video delivery. TFUEL started trading at $0.129 on March 4, 2021. Past Performance As of March 10, 2021, the closing price of TFUEL was $0.253. Thus, the TFUEL price has skyrocketed by roughly 96% in the past week. In the last 24 hours, TFUEL was trading between $0.183 and $0.34. https://ift.tt/3l2V6BA Day-Ahead and Tomorrow Currently, TFUEL is trading at $0.281. The price has risen from the opening price of $0.253. Thus, the market looks healthy. The MACD and signal lines are negative. A bearish crossover by the MACD line over the signal line is indicative of a price pullback. Thus, the overall market momentum looks bearish as of now. The RSI indicator is presently at 38%. It faced a bullish swing rejection at 32% and started rallying. However, the selling pressures are still very high. Hence, we can expect the price to decline for some time. It is a good time for swing traders to go long. The OBV indicator has started falling steadily. Thus, selling volumes are increasing. High sell-offs will lead to a dip in the TFUEL price. In short, all the technical indicators are pointing towards a price pullback. TFUEL Price Analysis Currently, the price is above the Fibonacci pivot point of $0.259. If selling activity overtakes the buying activity in the TFUEL market, the price may fall below the first Fibonacci pivot support level of $0.199, by the end of the day. The price has tested and fallen below the 38.2% FIB retracement level of $0.28. Thus, the bears look strong currently. However, if the price manages to break out of the 23.6% FIB retracement level of $0.303, by the end of the day, then the price uptrend will resume. In that case, we can expect a price upswing tomorrow as well.
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