Cryptocurrency

Theta Fuel Price Prediction 2021 – Will TFUEL Hit $1 Soon?

Theta Fuel Price Prediction 2021 – Will TFUEL Hit $1 Soon?

At the time of writing, Theta Fuel is trading at $0.002737 on CoinMarketCap with a market cap of $25,907,867. This gives TFUEL a total supply of 1,000,000 TFUEL and an overall circulating supply of 990,000 TFUEL.

The theta fuel price prediction 2025 is a question that has been asked many times. The answer to this question, will be answered in the paragraph below.

  • The range of bullish TFUEL price predictions is $0.42 to $0.62.
  • TFUEL’s price may potentially hit $1 in the near future.
  • $0.29 is the bearish market price forecast for TFUEL in 2021.

We utilize statistics, price analysis, ADX, and other information about TFUEL to evaluate the future trend of cryptocurrency in our Theta Fuel (TFUEL) price forecast 2021.

On the Theta blockchain, Theta Fuel is one of the two native tokens. TFUEL is also a governance token that enables tens of thousands of community-run Guardian nodes as well as corporate validators like Google, Binance, Blockchain Ventures, Gumi, and Samsung.

TFUEL is also the second token on the Theta blockchain, and it may be used as both a utility token and a Gas token in the supply of decentralized data and video. Furthermore, it demonstrates that it is utilized to safeguard all transactions on the theta blockchain.

TFUEL is currently trading at $0.42 on CoinGecko, with a 24-hour trading volume of $70,325,311 at the time of writing. TFUEL, on the other hand, has risen by 3.3 percent in the past 24 hours.

TFUEL also has a circulating supply of 5,301,219,200 units. TFUEL is currently traded on Binance, Upbit, Gate.io, Pionex, and Bithumb, among other cryptocurrency exchanges.

Price Forecast for Theta Fuel (TFUEL) in 2021

At the moment, TFUEL is ranked 47th on CoinGecko. The price of TFUEL in 2021 is forecasted using a daily time period, as shown below.

Theta Fuel Price Prediction 2021 – Will TFUEL Hit $1 Soon?TFUEL/USDT Daily Time Frame Price Chart (Source: TradingView)

The Descending Triangle patterns are shown in the graph above. This pattern is a breakout pattern and is an inverted counterpart of the ascending triangle. The lower trendline should be horizontal and link almost the same lows as the top trendline. The rising trendline slants downward diagonally. When the price falls, the breakdown occurs, and the downtrend is supported by a lower horizontal trendline when it resumes. The once-supporting lower trendline has now become opposition.

If the price of TFUEL breaks through the resistance level of $0.5 on the daily time frame chart, it will approach the targets of $0.60 and $0.67. Otherwise, if the TFUEL price breaks through the $0.38 support level, it will fall to the following support levels of $0.35 and $0.29. As a result, the TFUEL’s trend is predicated on the breakout.

Support and Resistance Levels of TFUEL

TFUEL’s support and resistance levels are shown in the chart below.

Theta Fuel Price Prediction 2021 – Will TFUEL Hit $1 Soon?Support and Resistance Levels for TFUEL/USDT (Source: TradingView)

The resistance and support levels of TFUEL are clearly visible in the above daily time frames.

  • $0.42 is the first level of resistance.
  • $0.50 is the second level of resistance.
  • $0.56 is the third level of resistance.
  • $0.62 is the fourth level of resistance.
  • Level 1 Support – $0.38
  • Level 2 Support – $0.35
  • Level 3 Support – $0.29

TFUEL has been on a bullish trend for the last month, according to the charts. If the current trend continues, TFUEL may catch up with the bulls and break over the $0.62 resistance level.

In the event that investors turn against cryptocurrency, the price of TFUEL may drop to almost $0.29, indicating a negative indication.

Average Directional Index of TFUEL (ADX)

Let’s take a look at TFUEL’s average directional index (ADX). It is linked to the Directional Movement Index and is used to assess the overall strength of the trend (DMI).

The oscillator has a 0 to 100 range. A high price also implies a strong trend, while a low price suggests a weak trend.  

Theta Fuel Price Prediction 2021 – Will TFUEL Hit $1 Soon?ADX TFUEL/USDT (Source: TradingView)

The ADX of TFUEL remains above the range of 18 in the chart above, indicating a weak trend.

Conclusion

TFUEL is one of the few cryptocurrencies that has managed to hold its ground in the face of the bear market. Our long-term TFUEL price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.68. TFUEL, on the other hand, only does this when it overcomes a significant amount of previous psychological resistance.

Furthermore, the TFUEL ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon reach $0.75 and even higher levels, but it will only hit $1 if investors believe TFUEL is a solid investment in 2021.

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Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Theta Fuel Price Prediction 2021 is the question that has been asked by many people. Will TFUEL Hit $1 Soon? Reference: theta fuel news.

Frequently Asked Questions

Is Theta fuel a good investment 2021?

 

How much will Tfuel be worth?

Tfuel is currently valued at $0.0025 per token.

Is Tfuel a good investment?

Tfuel is a good investment.

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