DePIN Tokens Surge Amid Cloudflare Outage: A Look at TFUEL, GRASS, and IAG

The recent Cloudflare outage has underscored the vulnerabilities of centralized web systems, while simultaneously highlighting the resilience of Decentralized Physical Infrastructure Network (DePIN) projects. During the outage, several DePIN cryptocurrencies, including Theta Fuel (TFUEL), GRASS, and Iagon (IAG), experienced significant price rallies. This surge in value was attributed to the stable performance of DePIN projects, which operate through decentralized nodes, contrasting sharply with the disruptions faced by centralized platforms. As Cloudflare services have now been restored, the question remains whether these tokens can maintain their upward momentum.
Theta Fuel (TFUEL) emerged as a standout performer, witnessing a 20% price increase shortly after the Cloudflare incident. This surge pushed TFUEL to a new monthly high, aided by a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator. The breakout above the upper trendline of its falling channel suggests a potential trend reversal. However, the continuation of this bullish trend is contingent on sustained demand; if selling pressure increases, TFUEL could see a pullback toward $0.020.
Similarly, GRASS and Iagon (IAG) also benefited from the outage, with GRASS rising 16.60% and IAG increasing by 13%. GRASS broke above a descending triangle, signaling a potential shift in market direction, although it still faces resistance from the Supertrend indicator. IAG’s price action indicates buyers are gaining control, with a positive Chaikin Money Flow suggesting improved capital inflows. Both tokens have the potential for further gains, but their bullish outlooks depend on maintaining momentum and overcoming resistance levels.
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