The Theta Price Prediction: What’s Next for THETA?
The Theta price is currently at $0.81, with a market cap of $817.6 million and a circulating supply of 1 billion. It is ranked #50 on Coinmarketcap. The price is showing some strength in defending the support at $0.80, but it may face selling pressure under the 9-day and 21-day moving averages. If the price falls below $0.80, it could continue to lose ground.
Key Levels:
- Resistance levels: $1.10, $1.20, $1.30
- Support levels: $0.60, $0.50, $0.40
If the sellers push the price lower, strong support can be expected at $0.80, followed by support at $0.75. Further supports can be found at $0.60, $0.50, and $0.40. On the other hand, if the buyers regroup and rebound from the current market value, the first level of resistance is at $0.90, with subsequent resistance levels at $1.10, $1.20, and $1.30.
When compared to Bitcoin, THETA/BTC is currently trading at 2789 SAT. If the price drops below the moving averages, the next support may be at 2300 SAT and below. However, a possible bullish movement could push the market above the upper boundary of the channel, with resistance at 3500 SAT and above.
Theta Alternatives:
Despite the unsuccessful initial attempt to cross the upper boundary of the channel, if the bulls increase the pressure, a bullish cross above the channel may come into play, with the nearest resistance level at $1.00. It’s worth noting that the presale has already raised close to $18 million in funding and has caught the attention of prominent crypto influencers. However, the ultimate success of the token will depend on the strength of its community.
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