•THETA/USD is currently priced at $1.10 and has increased by 1.83% over the past day
•The trading volumes have increased by 17.19% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: THETA bulls look to amp up the bullish momentum
The Theta price today is $1.10 USD with a 24-hour trading volume of $20,007,039 USD. We update our THETA to USD price in real-time. Theta Network is up 1.83% in the last 24 hours. The trading volumes have increased over the past day whereas the Volume to Market Cap Ratio stands at 0.01826 for the altcoin.
Theta is currently in the nascent stages of its recovery as it trades above the 20,50 SMA on the four hour chart. However, the buying volume remains the major constraint as the sellers still stand strong, preventing the Theta Coin price from breaking through the consolidation. Theta is currently in a consolidation phase as it gradually accumulates the requisite buying pressure to stage a rally. However, the consolidation phase would be broken if the Theta price smashes the immediate resistance at $1.20 and further moves towards the long term resistance located at $1.50. On the flip side, the support for Theta Coin resides at $1 in the event of the bears staging a comeback.
Long Term View for Theta Price
The daily-RSI value for Theta has surpassed the 14-day average line and is currently transacting at 48.79. Hence, the rising trend in RSI approaches the halfway mark, beyond which, Theta would experience some serious momentum. On the other hand, the histograms have been trading in the positive territory for the better part of the past month. The MACD and signal lines are heading towards the positive territory rapidly as well while the gap continues to widen between the two.
The Theta price may continue forming lower highs and lows for the next couple of hours, yet the upcoming days appear to be bullish with a strong flip as is indicated by the technical indicators.
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.