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Theta Network Price Analysis: THETA Crypto Accumulates Within a Range From 3 Months

  • Theta crypto price flies above several EMA’s on the intraday session.
  • The 24-hour trading volume is at $239 million.
  • THETA/BTC pair is trading positive by 1.8% at 0.00011660 BTC.

Moving Average (EMA) containing 20,50,100,200 In the Theta crypto daily price chart, it is a reliable support for currency price trends. Investors can observe that price moves above the red line and can guarantee a bullish trend as long as costs are above the moving average.

The volume (3.896 M) is below the 20-day moving average (11.952 M). The volume is low, so the cost has been struggling for several days. Investors may also notice a decline in volume. This indicates that unusual changes are expected on the following trading days.

THETA Crypto Price Expecting a Sideways Trend

The daily price chart of the THETA crypto accumulates below the pivot zone. Depending on the price action, the support region is within $6. On the flip side, the resistance level to look for is around $8.  

The Stochastic RSI showed a K-57 and D-56 followed by a (bullish) crossover with a short-term buy signal. Investors may observe that the indicator’s RSI line is running upside. A rise can happen on upcoming trading days.

The MACD projects a (bearish) cross below the signal line on November 28, indicating a sell signal for the currency. In addition, investors can observe red bars in the histogram indicator.

Conclusion

Theta Network price today is $6.67 with a 24-hour trading volume of $239,938,684. THETA price has been up 1.3% in the last 24 hours. It has a circulating supply of 1 Billion THETA coins and a total supply of 1 Billion.

The Stochastic RSI forecast a buy sign, and MACD indicates a sell signal. Traders have directed low volume. In fact, the cost struggles below the pivot zone during the intraday. A market overview also shows that this pattern will continue to be sideways in the coming trading days.

Resistance Level: $8

Support Level: $6

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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.