- THETA crypto price returns to the downtrend after failing to brea above the barrier of $8 It has seen a gain of 0.8% in the intraday session.
- THETA price may hit the low of $5 before reverting to the uptrend . In contrast, THETA/BTC pair has seen a gain of 1.05% in the last 24 hours.
THETA crypto price is seeing a downtrend on the daily chart and can soon hit a low of $5 in the future. The token price is currently near the value of $6.5 and has seen a gain of more than 0.01% in the intraday session.The asset price has observed a jump of more than 400% from the beginning of this year.
THETA price is currently trading above 50 and below 100 Daily Moving Average, with an aim to cross below the 50 MA . The 50 DMA price is currently near the value of $6.2 making it a temporary support zone for the price. THETA/BTC pair is observing a weak upside momentum but it can soon see the strengthening. One might forecast a gain of more than 500% in THETA within a year or two.
The coin price is up by more than 300% from its 90 days low and has a market dominance of more than 0.31%. THETA volume along with the market cap has observed a decline in the past few weeks. The volume to Market capitalization ratio of the THETA suggests a strong uptrend in price for the future. One might invest in the coin as per their risk capacity and price action in the asset.
THETA Coin Price Technical Indicators Hints Towards A Bullish Momentum
The weekly technical chart of the THETA price suggests a downtrend for the upcoming weeks.On the daily chart, the asset price has formed a bearish pattern on the daily chart.. THETA price may see a bounceback while going down near $5. The upside hostile region of the coin price may be seen near $8. If the asset price jumps above the $10 mark then a strong upside momentum can be seen. THETA/BTC pair can also see a new high being formed in future.
Conclusion
THETA coin price is observing a downtrend on the daily chart but can soon revert to the uptrend. THETA/BTC pair can also achieve a new high in the future. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$5
Major Resistance:$12