Theta Network Price Analysis: THETA Coin gains 10.5% within a week

  • The Theta Coin price is cheap, around 2.6% during the intraday period.
  • The 24-hour trading volume is $ 321 million.
  • The THETA / BTC pair is trading positive at 0.00012258 BTC, up 2.7%.

The daily technical chart and theta coin price trend show a bullish trend. The first support zone is related to the pivot point 3.50 USD. Another way to watch it is that when it rushes, this is the resistance level to look at 8.35 USD. As a result, the chart created a bearish harami candlestick pattern throughout the day and the cost is confident that the downside will reverse at steadfast medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMAs, strongly supports currency fluctuations. Investors can find that the cost is above the red ribbon. This guarantees an increase in theta to above the band.

Trading volume (6,925 million) is below the 20-day moving average (17,853 million). The volume is small and increasing, so the cost is above the pivot point. Investors may also notice that the volume bar on the chart is decreasing. This suggests that abnormal instability is common on subsequent trading days.

The MACD indicator gives (bullish) cross the signal line on October 1st and show a buy signal in the coin. In addition, investors can see huge green bars in the Histogram Index.

Long-term perspective of the THETA coin price trend

The weekly technical chart and theta coin price trend show a bullish trend. Based on the pivot planes is the support zone 4.20 USDT. From another perspective, when it storms up is that level of resistance to look for 16.80 USDT. Additionally, the graph shows the Heiken Ashi candles, which represent significant upside potential in the asset’s price movement.

Theta Network’s prices today are $ 6.73 and its 24-hour trading volume is $ 321,037,740. THETA prices have increased 2.6% in the past 24 hours. 1 billion THETA coins will be issued and a total of 1 billion will be issued. The MACD indicates a buy signal and the traders have initiated a moderate volume. In fact, the cost moves across the pivot levels. Likewise, the general outlook for the market is that the pattern will remain bullish over the next few trading days.

Resistance Level: $ 3.50 & $ 4.20

Support Level: $ 8.35 & $ 16.80

Comments are closed.