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Theta Network Price Analysis: THETA Coin Gains 10.5% Within a Week

  • The Theta coin price is favorable, around 2.6% during intraday.
  • The 24-hour trading volume is at $321 million.
  • THETA/BTC pair is trading positive by 2.7% at 0.00012258 BTC.

The daily technical chart and price trend of Theta coin show a bullish trend. Based on the pivot point, the first support zone is 3.50 USD. Another way to watch it is that if it rushes, the resistance level to look at is 8.35 USD. Therefore, the chart created a bearish harami candlestick pattern during the day, and the cost is confident that it will reverse downside with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost breaks above the red ribbon. This guarantees a rise in Theta until it is above the ribbon.

Trading volume (6.925 M) is below the 20-day moving average (17.853 M). The volume is low and increasing, so the cost is above the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.

The MACD indicator gives (bullish) cross over the signal line on October 01, demonstrating a buy signal in the coin. Additionally, Investors can see huge green bars on the Histogram index.

Long-Term Perspective of THETA Coin Price Trend

The weekly technical chart and price trend of Theta coin show a bullish trend. Based on the pivot levels, the support zone is 4.20 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 16.80 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Theta Network prices today are $6.73 and 24-hour trading volumes are $321,037,740. THETA prices have risen 2.6% in the last 24 hours. There are 1 billion THETA coins issued and a total of 1 billion issued. The MACD points to a buying signal, and the traders have prompted moderate volume. In fact, the cost is moving above the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $3.50 & $4.20

Support Level: $8.35 & $16.80

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.