- THETA crypto price is returning to the downtrend after breaking the $ 8 barrier.
- THETA price may hit the $ 5 low before returning to the uptrend. In contrast, the THETA / BTC pair has seen a 1.05% gain over the past 24 hours.
The THETA crypto price is trending down on the daily chart and may soon hit a low of $ 5 in the future. The token price is currently close to the $ 6.5 value and has seen more than 0.01% increase in the intraday session. Asset price has risen more than 400% since the beginning of this year.
The THETA price is currently trading above 50 and below 100 of the daily moving average with the aim of crossing below the 50 MA. The 50 DMA price is currently near the $ 6.2 value, making it a temporary support zone for the price. The THETA / BTC pair is seeing weak upside momentum but may see a strengthening soon. One could predict a THETA gain of more than 500% within a year or two.
The coin price has risen more than 300% from its 90-day low and has a market dominance of more than 0.31%. THETA volume along with market capitalization has seen a decline over the past few weeks. The ratio of volume to market capitalization of the THETA indicates a strong upward trend in price for the future. One could invest in the coin according to its risk capacity and price action of the asset.
THETA coin price technical indicators suggest bullish momentum
Source: trade view
The technical weekly chart of the THETA price points to a downward trend for the coming weeks. On the daily chart, asset price has formed a bearish pattern on the daily chart. The upward hostile area of the coin price can be seen near $ 8. When the asset price bounces above the $ 10 mark, strong upward momentum can be seen. The THETA / BTC pair may also make a new high in the future.
THETA coin price is watching a downtrend on the daily chart but may soon return to the uptrend. The THETA / BTC pair may still make new highs in the future. An investor should exercise due diligence before investing.
Essential support: $ 5
Main Resistance: $ 12
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