- THETA Token price drags just above the $6 mark, projecting consolidation in the price.
- The coin price trails with the 200 EMA but the other sloping EMAs project bearishness.
- The THETA/BTC pair trades at 0.0001904 BTC with an intraday fall of -5.08%.
THETA token price has been moving sideways after the halt of the downtrend near the $6 mark. Finally, the coin price consolidates and moves with the 200 EMA projecting a draw between bulls and bears. However, the sloping EMAs project a slow rise in underlying bearishness.
Presently, the THETA token price is $6.34, with a fall of 17.17% in the intraday trading volume. The market cap of the coin is up 5.76% in the last 24 hours. The current ranking of the token is #17, as per the market cap.
THETA Token Price Struggles Below All The Critical EMAs
THETA token price has been moving in a downtrend under the influence of all the critical EMAs in a bearish alignment. Furthermore, the coin price has failed to rise above the 50 EMA due to increasing underlying bearishness.
Katy Perry To Launch Her First NFTs On The Theta Network
Pop singer Katy Perry has announced her first-ever NFTs on the Theta Network, coming Q4 this year. Those who are interested can register to receive email or SMS notifications when they drop.
She now joins the growing list of celebrities who have jumped on the NFT “hype train,” including Snoop Dogg, Paris Hilton, and Lindsay Loha.
The coin price may hit the $4 mark upon a bearish breakthrough from the $6 mark. However, in the unlikely case of a bullish uptrend, the trend may reverse from the $9.5 mark.
The RSI (bearish) indicates bearish momentum as the RSI line trails lower slightly above the oversold zone.
Conclusion – THETA coin price consolidates just above the $6 mark and moves sideways with the 200 EMA. However, the underlying bearish in the THETA is increasing, implying a fallout of $6 soon.
Support- $4 and $6
Resistance- $9.5