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THETA Price Analysis: THETA Crypto Price May Test The Lower Support Price In Future

  • THETA crypto price is observing a downside momentum in the daily chart and can soon hit the next support in the future. It has seen a loss of more than 6% in the past 24 hours.
  • Technical indicators of THETA hints towards a 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 crypto price is currently observing a downside momentum which can make it test the lower support in the future. The asset price has seen a loss of more than 6% in the past 24 hours and is trading near the value of $7.36.

THETA price is currently trading above the 50 and 100 Daily Moving Average and can soon test the lower support. The 50 DMA price is currently near $6.339 and it may soon test this in the future. One can see a positive bounceback in the asset in the future. One might forecast a strong upside trend in the future. THETA/BTC pair can also see a strong upside trend in the future.

The coin market dominance along with the market cap can see a strong upside trend in the future. THETA volume can also observe a strong surge in the future. The volume to Market capitalization ratio of the THETA suggests a strong upside momentum in the future. One might invest in the coin according to their needs and risk capacity.

THETA Crypto Price May Soon Observe A Strong Upside Momentum

Source: Trading view

The weekly technical chart of the THETA price suggests a strong upside momentum in the price for the future. On the daily chart, the coin price might soon see a bounceback in the future. THETA price can soon observe a bounceback region. The upside trend of THETA can soon see a hostile region near $8.5. The coin can see a bounceback near $6 in the future. THETA/BTC pair can also observe a new high in the upcoming days.

Conclusion

THETA coin price is currently seeing a strong upside trend and can soon observe a bounceback in the future. THETA/BTC pair can also observe a strong upside trend in the future. An Investor should do their due diligence before investing.

Technical Levels

Major Support:$5

Major Resistance:$9

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.