Theta Fuel (TFUELUSDT) Market Overview

• Theta Fuel formed a bullish engulfing pattern after breaking above 0.0383.
• RSI signaled oversold conditions early before strong bullish momentum resumed.
• Volatility expanded through Bollinger Band breakouts in the first half of the 24-hour period.
• On-balance volume surged near the daily high, confirming the recent bullish reversal.
• Price remains above the 20- and 50-period moving averages on the 15-minute chart.

At 12:00 ET on 2025-08-13, Theta Fuel opened at $0.0378, hit a high of $0.0391, a low of $0.0376, and closed at $0.03895. Total volume was 9.13 million TFUEL, with $335,973 in notional turnover. A strong bullish reversal emerged on the 15-minute chart, supported by rising volume and key candlestick patterns.

Structure & Formations

A bullish engulfing pattern formed around 12:00–12:30 ET, signaling a shift from bearish to bullish momentum. A key support level emerged near $0.0376 during the early session, with subsequent resistance forming above $0.0385. A long-bodied candle at the close confirmed the strength of the recent move, suggesting that the $0.0391 level may face near-term pressure.

Moving Averages

On the 15-minute chart, the price remained above both the 20- and 50-period moving averages throughout the session, indicating a short-term bullish bias. While the 50-period line crossed above the 20-period line at midday, signaling a potential buy signal, longer-term daily moving averages (e.g., 50/200-period) remain above the current level, suggesting caution may still be warranted on a broader scale.

MACD & RSI

The MACD crossed above the signal line during the early hours of the session, confirming the bullish reversal. RSI bottomed out in the 20–30 range at 19:30 ET before rebounding sharply into the overbought territory near 70 by late morning. This suggests the recent rally is driven by strong short-term buying interest, but a pullback toward 0.0385–0.0386 could test sustainability.

Bollinger Bands

Volatility expanded significantly during the first half of the session, with the price breaking above the upper Bollinger Band around 09:00–10:00 ET. By the late hours of the session, price settled just below the upper band again, indicating continued bullish pressure. A contraction in band width in the next 24 hours could signal a potential pause or reversal.

Volume & Turnover

Volume surged near the session high, with over 900k TFUEL traded at 10:30 ET when the price hit $0.039. Turnover aligned with the volume increase, showing no signs of divergence. This confirms the strength of the rally and increases the likelihood of the price remaining above $0.0385 in the short term.

Fibonacci Retracements

The recent 15-minute rally from $0.0376 to $0.0391 aligns with the 61.8% Fibonacci retracement level, suggesting a potential consolidation phase is ahead. On the daily chart, the 38.2% retracement of the larger move lies near $0.0385–0.0386, a level that could see renewed buying interest if a pullback occurs.

Looking ahead, Theta Fuel could test $0.0393–$0.0395 if bullish momentum continues, but traders should remain cautious for a potential pullback toward $0.0385–$0.0386. A breakdown below $0.0381 could signal renewed bearish pressure.