Forecasting THETA’s Price Movement Today, November 20 – Analyzing THETA’s Technical Trends

Forecasting THETA's Price Movement Today, November 20 - Analyzing THETA's Technical Trends

There is a probable for THETA to break the $1.00 resistance and make an upward move as per the Theta Network price forecast stats.

Theta Network Prediction Statistics Data:

  • Theta Network price now – $0.97
  • Theta Network market cap – $961.3 billion
  • Theta Network circulating supply – 1 billion
  • Theta Network total supply – 1 billion
  • Theta Network CoinMarketCap ranking – #55


Key Levels:

Resistance levels: $1.16, $1.28, $1.36

Support levels: $0.77, $0.67, $0.57

As of now, THETA/USD is trading over the 9-day and 21-day moving averages, indicating that it may have the  capacity for another positive trend run over $1.10. A break over this level would be the first sign of a positive trend trend.

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Theta Network Price Prediction: THETA/USD May Attract More Buyers

If the Theta Network price pushes past $1.00, it may face resistance at $1.15, $1.16, $1.26, and $1.36. Conversely, if it falls below the 21-day moving average, it might find support at $0.80, $0.77, $0.67, and $0.57.

The 9-day MA is higher than the 21-day MA, showing that buyers are dominating the market.

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THETA/ Bitcoin Could Follow the Upward

Looking at the daily chart against Bitcoin, THETA is trying to surpass the 9-day moving average around 2638 SAT. If the price keeps growing, it might break the 3000 SAT resistance level. On the other hand, if it falls below the 21-day MA, it may find support at 2400 SAT, 2200 SAT, and below.

Alternatives to Theta Network

Regardless of its attempt to break through the upper boundary of the channel, THETA remains over the 9-day and 21-day moving averages. If the bulls intensify their efforts, there is an opportunity of a positive trend crossover over the channel.

In addition, Bitcoin (BTC) Minetrix, in its presale phase, has the  capacity for whole lot of growth, having already raised almost $4.2 million.

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Hot Take: Theta Network Shows Bullish Potential

With strong market performance and probable for further upward movement,Theta Network presents a promising opportunity for investors. The price trends and technical indicators suggest a positive trend landscape, making it an asset to watch in the coming days. In the meantime, the emergence of Bitcoin (BTC) Minetrix as a promising investment alternative adds diversity to the digital currency market, offering investors an alternative with whole lot of growth prospects.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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