DePIN tokens exploded during the Cloudflare outage | Credit: Veronica Cestari
Share
Key Takeaways
The Cloudflare outage highlighted DePIN’s resilience and boosted token values.
TFUEL, GRASS, and IAG broke resistance levels with substantial volume.
Sustained rallies depend on demand holding after the initial breakout.
When Cloudflare went down, large parts of the internet went down. That served as a stark reminder of how vulnerable centralized web systems can be.
In contrast, Decentralized Physical Infrastructure Network (DePIN) projects, which operate through decentralized nodes, offered greater redundancy, and their uptime remained stable.
That difference helped fuel a notable rally in three DePIN cryptos during the outage.
But with Cloudflare services restored, can these tokens continue to climb?
Theta Fuel (TFUEL)
TFUEL, the native token powering Theta Fuel’s DePIN ecosystem, was among the cryptos that surged in the aftermath of the Cloudflare outage.
Over the past 24 hours, TFUEL’s price has jumped by approximately 20%, pushing the altcoin to a new monthly high.
According to the daily chart, TFUEL reached this milestone shortly after the Moving Average Convergence Divergence (MACD) formed a bullish crossover.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
The timing suggests that the Cloudflare downtime amplified bullish sentiment, driving additional demand for the token.
A closer look at the chart reveals that this influx of momentum enabled TFUEL to break above the upper trendline of its falling channel.
This breakout signals a potential trend reversal and sets the stage for further upside.
If this momentum continues, TFUEL may breach the immediate resistance at $0.026. A successful breakout above this level could open the door for a rally toward $0.031.
However, this bullish outlook depends on sustained demand. If selling pressure increases, the breakout could fail.
In that scenario, TFUEL’s price might pull back toward $0.020.
GRASS
GRASS, the native token of the decentralized network-sharing platform, was another asset that benefited from the Cloudflare outage.
At press time, GRASS trades at $0.35, marking a 16.60% gain over the past 24 hours.
On the daily chart, GRASS had previously been trapped within a descending triangle.
However, the token has now broken above the triangle’s upper trendline, signaling a potential shift in market direction. This breakout aligns with a noticeable increase in the Money Flow Index (MFI), indicating a strengthening of buying pressure.
Despite this bullish breakout, the Supertrend indicator remains bearish, with its red line positioned above the current price.
This suggests that GRASS may still face notable resistance before a sustained rally can take shape.
If bulls manage to overcome this resistance and maintain substantial volume, GRASS could climb toward $0.64.
However, if bearish momentum returns or the breakout proves unsustainable, GRASS may retrace, potentially falling back toward $0.18, where the next support zone lies.
Since the incident, IAG’s price has increased by 13%, accompanied by a noticeable rise in trading volume.
From a technical standpoint, IAG is still trading within a symmetrical triangle. Notably, the altcoin has bounced above the triangle’s upper trendline, signaling that buyers are attempting to take control.
Supporting this move, the Chaikin Money Flow (CMF) has risen to 0.10, indicating improved capital inflows.
If the CMF remains positive and buying pressure continues to build, IAG could rally further above the triangle’s upper boundary.
In such a scenario, the cryptocurrency may climb toward $0.13, with an extended push potentially reaching $0.15, aligning with previous reaction highs.
However, this bullish outlook hinges on the triangle breakout holding. A breakdown below the support line would invalidate the setup. If that happens, IAG could retrace to $0.082.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
