- THETA crypto price is currently trading in a downtrend and may soon hit the USD 4 support. It is currently in a parallel downward channel and may hit the new low.
- The technical indicators of the THETA coin price point to a downward trend for the future. In contrast, the THETA / BTC pair is also seeing an uptrend in the daily time frame
The THETA crypto price is currently seeing a downward trend and is currently trading near the USD 5.1 value. In the past 24 hours, it has increased by more than 5%. The coin has returned over 700% in the past 24 hours. The price is currently below 50 and 100 Daily Moving Average and may have a negative crossover in the coming days. The 50 DMA price is currently near the $ 7.44 value, making it a temporarily hostile region for the price. The THETA / BTC pair is currently seeing a 4% gain and may soon hit new heights. You can position your funds in THETA according to your risk tolerance.
THETA Coin has a market capitalization of more than $ 5,023,725,470 and ranks 21st on the CMC. The token has an ROI of more than 4400% which has always remained a selling point for investors. The volume to market capitalization ratio of the THETA is 0.04501, which suggests a downward momentum. You should wait for the price action before buying the coin.
Technical indicators point to a downward trend in the THETA crypto price
Source: trade view
The technical weekly chart from THETA shows that the bears are getting better and better on their course. On the daily chart, the coin is showing a bearish momentum. The resistance zone for the THETA coin price during the uptrend can be seen near the $ 8 level. Support in price can be found near the $ 4 value. A parallel downward channel is forming on the coin’s daily chart. When the price jumps over the parallel channel, a strong upward trend in the price can be seen. The THETA / BTC pair is also seeing an uptrend and may break the resistance created in the past.
The THETA crypto price is currently seeing a downward trend and may reach the USD 4 support in the future. It has brought tremendous returns to investors in the past and may continue to do so in the future. The THETA / BTC pair can also see a surge in the coming weeks. An investor should exercise due diligence before investing.
Home Grant: $ 4
Main Resistance: $ 8
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