Price Analysis

Theta Price and Theta Fuel Price Jumps Amid Bloodbath In Crypto Space

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Highlights

    Theta price jumps with significant margin after plunging to certain levels since the early trading hours

    Theta fuel price also leaps long, recording more than a 30% jump in the past seven days

Theta Price Close To $10

Theta price initiated with a bull rally since the beginning of the current trading month. The price despite a significant plunge, yet sustained strongly above $6. Moreover it initiated with a healthy recovery very soon and is currently heading strongly towards $10.

theta chart

At the time of writing, the Theta price is $9.52 with a jump of 6.45% in the last 24 hours. The price in the early trading hours had slumped to some extent, however a ‘V-shaped’ recovery led the price close to $10. 

The price if it maintains the similar trend may eventually hit and also surpass $10 levels to further rally towards its all-time highs. On the contrary, a steep plunge may drag the price close to the strong support levels and in the worst cases may a tank below $5 also.

Also Read: Is Elon Musk With The Bitcoin Price Rally Or Shaking It Up!

Theta Fuel Price Also Follows The Suit

Theta fuel price that remained calm since its inception in 2019, began an uptrend since the last week of february 2021. The spike was immense and a steep one which rallied the price from $0.08 to $0.3 in a week’s time.

During the market crash, the TFUEL price also slumped drastically yet sustained above $0.25 levels. Therefore initiating with a strong bounce back since then. However a fresh slump in the early trading hours haunted the rally, yet a massive rebound settled the downtrend.

tfuel chart'

The price is expected to test the upper resistance levels around $0.54 without tanking down to support levels at $0.35. At the time of writing, the TFUEL price is $0.4475 with a jump of 10.53% in the past 24 hours. 

Also Read: YFI, AAVE, LINK & BAND Poised to Hit New ATH Soon!

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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