Examining the market heading into the weekend, the crypto market is seen as signaling to make a price spike supported by the rise made by the value of Bitcoin.
But while other cryptocurrencies are making a comeback, TFUEL has already rocketed over 100% this month.
The TFUEL price increase is strongly supported by the launch of Mainnet 3.0 on the network scheduled for June 30 and also by the launch of ‘one-click delegated staking’.
It continues to give positive momentum to TFUEL which has posted its latest all -time high (ATH) 2021 at the $ 0.67 price level.
As can be seen on the TFUEL/USDT chart, by the end of May trading, TFUEL has already started to show positive movement after breaking the RBS level (resistance become support) around the price of $ 0.30- $ 0.35.
Continuing the upward momentum at today’s market opening, it appears that the TFUEL price is making a slight decline from the previous ATH level around the $ 0.57 price.
If the price movement manages to maintain the momentum of the surge, the latest ATH level of $ 0.67 will be broken and continue the higher ascent in reaching the latest ATH level.
Most analysts expect the price of TFUEL to likely head to the price level of around $ 0.80- $ 1.0 to make the latest ATH if it continues to be supported by positive sentiment.
However, if the price movement does not succeed in continuing the rise, the RBS $ 0.57 level will be retested before giving the latest signal as to where the next movement is headed.
If the price decline continues, the next RBS level around $ 0.45 will be the focus to be tested before the price is likely to head lower.
As of 11.00 am local time, the price of TFUEL jumped over 5% to trade above the $ 0.60 level.
