<strong><em>TFUEL prices face a rise in buying pressure as it retests the breakdown of $0.056, increasing the chances of a prolonged uptrend. </em></strong>

<strong>Key technical points:</strong>
<ul>
 	<li>The market price has increased 12% over the past 24 hours.</li>
 	<li>The price action shows a retest phase undermining the selling pressure.</li>
 	<li>The 24-hour trading volume of Theta Fuel is $287 Million, indicating a hike of 287%.</li>
</ul>
<h2><strong>Past Performance of TFUEL</strong></h2>
<a href="https://www.cryptoknowmics.com/news/tfuel-price-analysis-trend-reversal-and-recovery-with-flat-stability-for-a-day-or-two/">TFUEL</a> prices show a bullish attempt to break above the $0.056 resistance level, the bottom support level of the range, split last weekend. The increase in buying pressure during the retest of the range fallout indicates a high possibility of a price jump exceeding $0.056.

<img src="https://s3.tradingview.com/snapshots/k/kyQu3iLc.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/kyQu3iLc/" target="_blank" rel="noopener">Tradingview</a>
<h2>TFUEL Technical Analysis</h2>
TFUEL prices showcase a higher price rejection in the daily candle, preventing prices from sustaining above $0.056. Hence, traders hoping for a bullish trend must wait for a price action confirmation. The crucial SMAs – 50, 100, and 200-days maintain a bearish trend, with the 50-day SMA being the first in the line of attack. Hence, the breakout of the 50-day SMA will increase the likelihood of a price jump to the 200-day SMA.

The <strong>RSI</strong> slope shows a bullish reversal from the oversold zone to surpass the 14-day SMA and the halfway line. Hence, the indicator shows an increase in the underlying bullishness. The <strong>MACD indicator</strong> shows the fast and slow line moving sideways, but the increased bullish influence avoids a bearish crossover. Moreover, the positive histograms resurfacing with the lines regaining bullish alignment displays a boom in buying pressure. In a nutshell, the TFUEL technical analysis forecasts a prolonged uptrend if the buying pressure continues.
<h2>Upcoming Trend</h2>
TFUEL prices may shortly surpass the $0.056 mark to reach the overhead resistance close to the 50-day SMA at $0.076. However, the uptrend falling to exceed 0.056 will lead to a post-retest reversal, resulting in a fall below $0.40.

<strong>Resistance Levels:</strong> $0.056 and $0.076

<strong>Support Levels:</strong> $0.050 and $0.041

TFUEL Technical Analysis: Buyers Prepare To Sabotage Retest Phase

TFUEL Technical Analysis shows prices facing a rise in buying pressure as it retests the breakdown of $0.056, increasing the chances of a prolonged uptrend. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

TFUEL Technical Analysis: Buyers Prepare To Sabotage Retest Phase

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