THETA Price Analysis: THETA Coin Price Might Soon See A Breakdown Below The Moving Average

• THETA crypto price is currently observing a strong correction and can soon push it to the lower level. It has seen a loss of more than 11% in the intraday session.
• Technical indicators of THETA suggest a strong bearish trend in the price for the future. In contrast, THETA/BTC pair has seen a loss of more than 6% in the past 24 hours

THETA coin price is currently observing a downside momentum which can lead it to a lower level in the daily chart. The asset price is currently trading near the value of $6.31 and has seen a loss of more than 11%. The downtrend in assets can soon revert to the uptrend in the future.

THETA price is currently trading above the 50 and 100 Daily Moving Average but can see a negative crossover in the future. The 50 DMA price is currently near the $6.339 and can soon see a breakdown below. One can expect a negative crossover in price in the upcoming days. One might forecast a strong bull rally which might push the price to a new high. THETA/BTC pair can also observe a new upside trend in future

The coin market dominance along with the market cap is seeing a downward surge which may push it to a lower level. THETA volume is also seeing a downside momentum which can push the price to a new low. The volume to Market capitalization ratio of the THETA hints towards a bearish trend for the future. One might invest in the coin as per their risk adversity.

Technical Indicators Of THETA Coin Suggests A Downside Momentum

The weekly technical chart of the THETA price hints towards a bearish trend in the price for the future. On the daily chart, the coin price might soon see a push to the new high. THETA price might see support near $5. The upside momentum of THETA might face hostility near $9. If the asset price jumps above $10 then a strong upside trend can be seen. THETA/BTC pair can also observe a new high in the upcoming days

Conclusion

THETA coin price is observing a weak upside momentum and can soon test the lower levels. THETA/BTC pair can also see a new high in the future. An Investor should do their due diligence before investing.

Technical Levels

Major Support:$4

Major Resistance:$8

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