Theta Fuel (TFUEL) has been on a tear this past week, captivating investors with a remarkable surge. After starting in February at a modest $0.04, TFUEL staged a powerful breakout, shattering its previous resistance level. As of today, April 6, 2024, the price sits comfortably at $0.10, reflecting a staggering 150% increase in just 2 months.
If it can conquer the $0.16 resistance, it could signal a sustained uptrend. However, even if it encounters a temporary setback, the recent breakout suggests a bullish underlying sentiment that could propel the price higher in the long run.
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I am anticipating a $0.830 would be a key support level
The breakout of a single candle on weekly TF turned out to be a fake-out candle. 4h and daily time frame pullback from price $0.10
If the weekly close is below the $0.93 support level then $0.83 a key support