THETA Price Analysis: THETA Coin Price Ready To Cross Above The Resistance Region

• THETA coin price is currently seeing a recovery from the downtrend. It can see a negative crossover in the moving average on the upcoming days
• Technical indicators suggest a strong bullish recovery in THETA price. In contrast,  THET/BTC pair can see a breakout from the previous resistance.

THETA coin price is currently trading near the value of $7 with a loss of 3.28% in the past 24 hours. It has given a return of more than 700% to its investors in the last four months.  The 50 and 100 Daily Moving Average are above the current price and can show a negative crossover in the future. The 100 DMA price is currently near the value of $8.33 making it a temporary resistance region for the price.  THETA/BTC pair is currently seeing a consolidated momentum and can soon see a major breakout.

THETA coin has a market capitalization of $7,023,725,470 and has a market dominance of 0.52%. The asset has an ROI of more than 4400% which has been an attractive feature for the token. The volume to Market capitalization ratio of the coin is 0.099, hinting at a consolidated momentum. One should wait for the price action before diving in the token.

Bulls Are On Favor Of THETA Coin Price

THETA token price weekly technical chart highlights a strong  bearish momentum for the upcoming weeks. On the daily chart, the price has started to show a recovery from the fall. The hostile region for THETA coin price while going upside can be seen near the value of $12.5 . The bounceback region in the price can be speculated near $5. The price has broken down below the accumulation zone and is starting to see a recovery. If the price jumps above the resistance of $12.5 then a strong bullish momentum can be observed. THETA/BTC pair is also seeing a weak bearish momentum but can soon break the resistance created in the past. One should wait for the price to make a significant movement before jumping in.

Conclusion

THETA coin price is seeing a recovery in the price after a fall to the value of $5. It has given a huge return to the investors in the past and can do the same in future . THETA/BTC pair can also observe an upside momentum  in upcoming days . An Investor should do their due diligence before investing.

Technical Levels

Major Support:$5

Major Resistance:$12

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