Can #TFUELUSDT Ignite a Bullish Run from the Demand Zone?

٢٧ يوليو

Yello! Is #ThetaFuel (#TFUELUSDT) poised for a breakout? Let's look at the latest analysis and see what's going to happen next:

💎Currently, #TFUEL is trading within a crucial demand zone, indicating a high probability of a bullish move. The token has been navigating a descending resistance trend for some time, but recent price action shows strong momentum within the $0.066-$0.071 range.

💎This zone is crucial for sustaining momentum. If TTFUEL can maintain its current trajectory, the next target is the key resistance level at $0.115.

💎But what happens if the price fails to hold at the major support between $0.066 and $0.071? In this case, we'll be looking for a retest of the lower support around $0.056. A successful retest here could confirm a robust bullish reversal, setting the stage for a potential breakout above the major support area.

💎However, caution is warranted. If #TFUEL loses momentum and falls below the previous low, this would invalidate the bullish outlook and could lead to a significant price decline.

Keep an eye on these critical levels and be ready for whatever comes next.

MyCryptoParadise
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