- 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 technical indicators suggests a strong momentum. In contrast, THETA/BTC pair is up by more than 14%
THETA coin price is currently observing a strong upside momentum which can push it beyond $8 . The coin price has seen a gain of more than 13% in the past 24 hours and is trading near the value of $6.5. It is seeing a strong upside momentum and can soon breakout for a new high.
THETA price is currently trading below the 50 and 100 Daily Moving Average but can soon cross above it . The 50 DMA price is currently near the value of $6.5 making it a resistance zone for the price.. One might forecast a strong gain in THETA in the future for a new high. THETA/BTC pair can also see a strong bullish trend in the future
The coin market dominance along with the market cap is seeing a strong recovery and can soon see the previous levels. THETA volume is also seeing a strong surge which can act as a strong catalyst for the price. The volume to Market capitalization ratio of the THETA hints towards a strong upside momentum. One might invest in the coin as per their needs and risk capacity.
Bulls Of THETA Coin Are Ready To Push It For A New High
The weekly technical chart of the THETA price hints towards a strong upside momentum for upcoming weeks.On the daily chart, the coin price has formed a strong bullish engulfing pattern.. THETA price might see a bounceback near $5 while going down. The upside momentum of THETA may face hostility near the value of $8. If the asset price jumps above the $10 mark then a strong uptrend can be seen. THETA/BTC pair can also observe a strong uptrend in future
Conclusion
THETA coin price is currently seeing a strong bull trend which can lead it to a new high. THETA/BTC pair can also see the same momentum in upcoming days. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$5
Major Resistance:$12