Theta Network

Theta Fuel

Date: Sat, Nov 30, 2024, 08:50 AM GMTThe cryptocurrency market continues its bullish momentum as altcoins show signs of revival, spurred by the declining Bitcoin dominance, which has dropped from a recent high of 61.53% to 57.38%.Among the tokens garnering attention are THETA and TFUEL, the two native tokens of the Theta Network, a decentralized blockchain platform revolutionizing media and entertainment. Both making noticeable gains today and are now trading at key resistance levels, hinting at potential breakouts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ea2e9ad9f191488bac77e162f9158c14.png" /><h3 id="theta-network-theta">Theta Network (THETA)</h3>Following a breakout from its long-standing falling wedge pattern at the $1.36 level, THETA has surged to its current price of $2.41, placing it directly within a critical resistance zone.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1f66eee32e6949289deeaad6e9aff2f3.png" />If THETA manages to break above $2.60, this could pave the way for the next major leg up. Key resistance levels to watch include $3.86 and $4.40, representing a potential gain of 81% from its current price. The market is closely monitoring this token, as such a breakout could solidify its bullish momentum.<h3 id="theta-fuel-tfuel">Theta Fuel (TFUEL)</h3>TFUEL, the gas token of the Theta Network, has spent a prolonged period in a downward trend since its peak during the 2021 bull run. However, TFUEL has recently broken out of its downtrend line and is currently trading at $0.086, just shy of a horizontal resistance zone.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/41965bd7fae14c7abab38a201c59649d.png" />If TFUEL breaks above this resistance with strong trading volume, it could signal the start of a significant rally. The next upside targets for TFUEL are $0.145 and $0.25, marking a potential 203% surge from its current price.. A confirmation of the breakout of above $0.085, could mark the start of a long-awaited rally.<h3 id="final-thoughts">Final Thoughts</h3>THETA and TFUEL are at a crucial juncture, showcasing bullish setups that could lead to impressive gains if resistance levels are cleared. The combination of Bitcoin dominance declining and market interest in Theta Network’s innovative platform adds to the optimism surrounding these tokens.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/top-brc-20-tokens-ordi-and-1000sats-eyeing-for-key-breakouts-what-to-expect-ahead/" rel="noopener noreferrer nofollow">Top BRC-20 Tokens ORDI and 1000SATS Eyeing For Key Breakouts: What To Expect Ahead?</a>

THETA and TFUEL Approach Key Resistance: Will Their Next Breakouts Trigger a Rally?

Table of Contents

CoinsProbe

Other articles published on Nov 30, 2024

DOGE Gains Momentum as Musk, Ramaswamy Unveil Game-Changing Reform Proposals

Forget XRP and AVAX: This New Meme Coin Could Be the Next 500x Superstar!

Russia Officially Recognizes Digital Currencies as Property, Establishes Tax Frameworks

6 Altcoins to Strengthen Your Portfolio for Long-Term Growth in 2024

Cryptos to Invest In: Qubetics Hits Tenth Stage, Algorand Soars 230% to New High, Avalanche Faces...

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

Join our free newsletter for daily crypto updates!