Disclaimer: Not a financial advice, market analysis only.
TFUEL is facing a strong resistance at 0.034 and hasn't been able to breakout since 2nd Jan.
With the support level increasing every day, if it fails to breakout soon (before 25th February) we might see it go all the way below 0.020.
My prediction:
- The strong Theta network fundamentals make both THETA and TFUEL highly undervalued.
- TFUEL was bound to go up this month but the market hasn't been able to due to various reasons including the Tether drama, WSB skyrocketing GME stock, and now Elon Musk helping DOGE.
- Once the market gains back stability, TFUEL will breakout this resistance but do not expect it to happen immediately. It will take days.
My target 1 - 0.00335 to 0.00345 (Sell here)
It will fail to break out the resistance in one attempt and fall back but don't panic, it should not fall below the support.
Buy again at the dip.
My target 2 - 0.00395 to 0.00405 (Sell here)
TFUEL is facing a strong resistance at 0.034 and hasn't been able to breakout since 2nd Jan.
With the support level increasing every day, if it fails to breakout soon (before 25th February) we might see it go all the way below 0.020.
My prediction:
- The strong Theta network fundamentals make both THETA and TFUEL highly undervalued.
- TFUEL was bound to go up this month but the market hasn't been able to due to various reasons including the Tether drama, WSB skyrocketing GME stock, and now Elon Musk helping DOGE.
- Once the market gains back stability, TFUEL will breakout this resistance but do not expect it to happen immediately. It will take days.
My target 1 - 0.00335 to 0.00345 (Sell here)
It will fail to break out the resistance in one attempt and fall back but don't panic, it should not fall below the support.
Buy again at the dip.
My target 2 - 0.00395 to 0.00405 (Sell here)