- THETA crypto price is currently seeing a downside momentum and can soon see a new low. It has gained approximately 2% in the past 24 hours
- Technical indicators of THETA hints towards a bearish momentum for the future. In contrast, THETA/BTC pair has observed a gain of more than 0.5% in the intraday session.
THETA coin price is currently seeing a strong consolidation momentum and can soon revert to the uptrend. The asset price has observed a gain of more than 2.6% in the intraday session and is trading near the value of $6. It is currently in a consolidated mode but can soon see a new high in the future.
THETA price is currently trading below the 50 and 100 Daily Moving Average but can see a new high in the future. The 50 DMA price is currently near the value of $6.2 making it a hostile zone for the price. There can be a negative crossover in the moving average in the future. One might forecast a strong upside momentum in the future. THETA/BTC pair can see a new high in the future.
The coin market dominance along with the market cap is also observing a new downside momentum. THETA volume is also observing a surge and can push the price further. The volume to Market capitalization ratio of the THETA suggests a strong upside momentum. One might invest in the coin as per their funds and risk adversity
Technical Indicators Of THETA Crypto Suggests A Downside Momentum
The weekly technical chart of the THETA price suggests a strong upside momentum for the future. On the daily chart, the asset price is seeing bearish momentum. THETA price might observe a bounceback near $4. The upside momentum of THETA may face hostility near the value of $8. If the asset price jumps above $10 then a strong bullish trend can be observed. THETA/BTC pair can also see strong momentum in the future.
Conclusion
THETA coin price is currently seeing consolidated momentum and can soon see a new high. THETA/BTC pair can also observe a new high in the future. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$4
Major Resistance:$8