Theta Fuel Price Prediction 2022 – Will TFUEL Hit $0.5 Soon?

Theta Fuel Price Prediction — Will TFUEL Hit $0.5 Soon?
  • Bullish TFUEL price prediction is $0.164 to $0.4724.
  • TFUEL price might also reach $0.5 soon.
  • TFUEL bearish market price prediction for 2022 is $0.12.

In Theta Fuel’s (TFUEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about TFUEL to analyze the future movement of the cryptocurrency. 

Theta Fuel Current Market Status

According to CoinGecko, the price of TFUEL is $0.162 with a 24-hour trading volume of $16,274,747 at the time of writing. However, TFUEL has decreased nearly 1% in the last 24 hours.

Currently, TFUEL trades in cryptocurrency exchanges such as Binance, Mandala Exchange, KuCoin, Gate.io, and HitBTC.

What is Theta Fuel (TFUEL)?

Theta Fuel is considered one of the two native tokens on the Theta blockchain. In addition, TFUEL is a governance token that supports thousands of community-run Guardian nodes and their enterprise validators, such as Google, Binance, Blockchain Ventures, Gumi, and Samsung.

Moreover, TFUEL is the second token in the Theta blockchain, which can be used as a utility token in the supply of decentralized data and video, as well as a Gas token. In addition, it shows that it is used to protect all transactions on the theta blockchain.

Theta Fuel (TFUEL) Price Prediction 2022

Theta Fuel holds the 61st position on CoinGecko right now. TFUEL price prediction 2022 is explained below with a daily time frame.

TFUEL/USDT Falling Wedge Pattern (Source: Tradingview)

A falling wedge pattern is bullish, although it appears after a bearish trend. It signifies that bulls have lost their momentum, and bears have temporarily taken control of the price. As a result, the price starts to make new lower lows, but at a corrective space. 

A bullish trend forms after a significant event by encouraging buyers to long for an asset with the hope of future price appreciation. When lower highs and lower lows form, as in a falling wedge, security remains in a downtrend.

Currently, TFUEL is in the range of $0.16. If the pattern continues, the price of TFUEL might reach the resistance level of $0.18 and $0.23. If the trend reverses, then the price of TFUEL may fall to $0.14.

Theta Fuel (TFUEL) Support and Resistance Level

The below chart shows the support and resistance level of TFUEL.

TFUEL/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of TFUEL.

  • Resistance Level 1 – $0.213
  • Resistance Level 2 – $0.274
  • Resistance Level 3 – $0.39
  • Resistance Level 4 – $0.472
  • Support Level – $0.124

The charts show that TFUEL has performed a bullish trend over the past month. If this trend continues, TFUEL might run along with the bulls overtaking its resistance level at $0.472.

Accordingly, if the investors turn against the crypto, the price of the TFUEL might plummet to almost $0.124, a bearish signal.

Theta Fuel Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of TFUEL is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of TFUEL lies below the cutoff line, indicating weaker participants in the current trend.

TFUEL/USDT RVOL, MA, RSI (Source: TradingView)

More so, the TFUEL’s Moving Average (MA) is shown in the chart above. Currently, TFUEL is in a bearish state. Notably, the TFUEL price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of TFUEL at any time.

Meanwhile, the relative strength index (RSI) of the TFUEL is at level 41.56. This means that TFUEL  is in a nearly oversold state. However, this means a major price reversal of TFUEL  may occur in the upcoming days. So, traders need to trade carefully. 

Theta Fuel Price Prediction 2022 — ADX, RVI

Let us now look at Theta Fuel’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

TFUEL/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Theta Fuel. Currently, TFUEL lies in the range of 18.72, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of TFUEL. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of TFUEL lies below the 50 levels, indicating that the direction of volatility is low. In fact, TFUEL ‘s RSI is at 41.56 level thus confirming a potential sell signal.

Comparison of TFUEL with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Theta Fuel.

BTC Vs ETH Vs TFUEL Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and TFUEL is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and TFUEL also increases or decreases respectively.

Conclusion

With continuous improvements in the Theta Fuel network, we can say that 2022 is a good year for TFUEL. For this reason, the bullish price prediction of Theta Fuel in 2022 is $0.472. On the other hand,  the bearish TFUEL price prediction for 2022 is $0.12.

Furthermore, with the advancements and upgrades on the TFUEL ecosystem, the performance of TFUEL would help to reach above its current all-time high (ATH) $0.39 very soon. But, it might also reach $0.5 if the investors believe that TFUEL is a good investment in 2022.

FAQ

1. What is Theta Fuel?

TFUEL powers on-chain operations such as payments to relays for sharing a video stream or for implementing or interacting with smart contracts.

2. Where can you purchase TFUEL?

TFUEL as listed on many crypto exchanges which include Binance, Mandala Exchange, KuCoin, Gate.io, and HitBTC.

3. Will TFUEL  reach a new ATH soon?

With the ongoing developments and upgrades within the TFUEL platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Theta Fuel?

On June 09, 2021, TFUEL reached its new all-time high (ATH) of  $0.6815.

5. Is TFUEL a good investment in 2022?

Theta Fuel (TFUEL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of TFUEL in the past few months, TFUEL is considered a good investment in 2022.

6. Can Theta Fuel (TFUEL) reach $0.5?

Theta Fuel (TFUEL) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Theta Fuel (TFUEL ) will hit $0.5 soon.

7. What will be the TFUEL price by 2023?

Theta Fuel (TFUEL) price is expected to reach $1 by 2023.

8. What will be the TFUEL price by 2024?

Theta Fuel (TFUEL) price is expected to reach $1.8 by 2024.

9. What will be the TFUEL price by 2025?

Theta Fuel (TFUEL) price is expected to reach $2.5 by 2025.

10. What will be the TFUEL price by 2026?

Theta Fuel (TFUEL) price is expected to reach $3.2 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.