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- Theta Network price prediction suggests the token’s long term consolidation phase over the daily price chart.
- THETA crypto is trying to recover above 20 EMA but is still behind 50, 100 and 200-days Daily Moving Average.
- The pair of THETA/BTC is at 0.00005886 BTC with an intraday gain of 5.98%.
Theta Network price prediction suggests the token’s long term consolidation phase over the daily price chart. The token needs to attract more buyers in order to maintain itself back inside the horizontal range-bound area over the daily chart. THETA crypto is trying to surge back inside the long term consolidation phase as it trades at around $1.00. As soon as the token recovers itself above $1.00 it may see an upsurge inside the consolidation phase. THETA investors need to wait until the token retains its position inside the long term consolidation phase.
Theta Network price is presently trading at $0.9764 on the CMP, increasing 6.23% in market value from the previous day. The trade volume increased by 5.16% during intraday trading. The implication is that clients are getting in touch with businesses to withdraw THETA funds.
To move towards the higher price range, THETA coin price has to attract more buyers during the intraday trading session. The volume change is below average and must increase for THETA to revert to the higher price range. Investors in THETA must watch the daily price chart for any directional changes. The THETA cryptocurrency is presently trembling to hold onto the 20 EMA while remaining below the 50, 100, and 200-day Daily Moving Averages.
What do Technical Indicators suggest about THETA?
Technical indicators point to THETA cryptocurrency’s daily price chart being in an uptrend. The momentum of THETA coin’s ascent is demonstrated by the relative strength index. At 47, the RSI is attempting to rise above neutrality. The THETA coin’s upward momentum is visible on the MACD. After a positive crossover, the MACD line is higher than the signal line. Investors in THETA must wait for the cryptocurrency to recover and return to the consolidation phase’s upper price range.
Conclusion
Theta Network price prediction suggests the token’s long term consolidation phase over the daily price chart. The token needs to attract more buyers in order to maintain itself back inside the horizontal range-bound area over the daily chart. THETA crypto is trying to surge back inside the long term consolidation phase as it trades at around $1.00. As soon as the token recovers itself above $1.00 it may see an upsurge inside the consolidation phase. The THETA cryptocurrency is presently trembling to hold onto the 20 EMA while remaining below the 50, 100, and 200-day Daily Moving Averages. After a positive crossover, the MACD line is higher than the signal line. Investors in THETA must wait for the cryptocurrency to recover and return to the consolidation phase’s upper price range.
Technical Levels
Support Level: $0.90 and $0.80
Resistance Level: $1.03 and $1.30
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.