Theta Fuel (TFUEL) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Friday: What's Next?

Friday, December 03, 2021 08:51 AM | InvestorsObserver Analysts

Theta Fuel (TFUEL) gets a very bullish rating from InvestorsObserver Friday. The coin is up 6.6% to $0.3193582229 while the broader crypto market is up 1.57%.

Theta Fuel has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Theta Fuel!

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Very Bullish

Over the last five days, Theta Fuel has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Theta Fuel over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Theta Fuel price is currently above resistance. With support set around $0.29472666325408 and resistance at $0.304449164293585, Theta Fuel is potentially in a volatile position if the rally burns out. Theta Fuel has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. Theta Fuel has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on Theta Fuel