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- The current market price of THETA is $0.61.
- The price of THETA is trading below the 50-day and 100-day EMA.
- The current market cap of the THETA coin is $612.26 Million.
The price of the THETA coin is showing signs of a downward momentum. The THETA price is moving by forming a lower low pattern, establishing a sign of downtrend momentum.
The market cap of THETA is $612.26 Million, which is down by 3.2% as of 29 August 2023. The coin is currently trading at $0.61. In a month, the coin experienced a decline of over 24%.
A 52-week high for the THETA coin was $1.33 and the 52-week low was $0.58. The average volume for the coin is $8.9 Million and the total supply of the coin is 1,000,000,000 THETA.
The price of the coin THETA reached a high of $15.90 in May 2021 and since then, the price has begun to fall sharply. In 2 years, the THETA coin price dropped by around 96%.
Currently, the price of the Theta Network coin is moving near to the all-time low level. This indicates that the coin is developing a negative structure.
As per the technical indicators, out of the total 26 indicators, only 0 indicator is showing a buy signal and 16 are showing a sell signal. Therefore, this indicates that the THETA coin is in a downtrend.
THETA is Trading in a Downward Direction
THETA Price Analysis
EMA
The THETA price is developing an unstable pattern and the price is trading below the 50-day and 100-day EMA. This indicates that the THETA price will drop in the near future.
RSI
THETA’s weekly RSI is extremely close to the 30 level which shows that buyers are losing interest and sellers are taking a position. This illustrates the price of THETA is falling.
Volume
The volume of the THETA coin shows a decrease in trade volume. This indicates that the sellers are active and the price might decline in the upcoming days.
Conclusion
As per the analysis, the indicators show that the market may be bearish shortly. The Theta Price changed direction from the resistance level and might move down soon.
The price of theta is currently showing a reversal from the resistance, which is negative news for the currency. THETA recently touched its all-time low. As a result, the THETA coin’s overall trend is downwards.
Technical Levels
- Support level: $52
- Resistance level: $62
Disclaimer
Only for informational purposes, the author’s views and opinions, or those of anybody else named in this article. They do not give investing, financial, or other advice. Loss of money can occur when buying, selling, or investing in cryptocurrencies.
