THETA price analysis: will the THETA coin price exceed the ATH barrier?

  • The THETA price is currently moving in a downward dynamic. In contrast, it has decreased by 5% in the last 24 hours.
  • The technical indicators of the THETA price suggest a consolidated dynamic. In contrast, the THET / BTC pair is also observing a downward momentum.

The THETA price is currently near the $ 8.97 level with a 6% loss over the past 24 hours. The THETA coin price has increased by more than 700% in the past four months. The price is currently under 50 and over 100 of the daily moving average. The 50 DMA is currently near the $ 0.08 value, making it a temporary resistance for the coin. There is a positive moving average crossover that can push the price to new heights. The THETA / BTC pair is currently in a dip but may see new moves in the coming days.

THETA Coin currently ranks 16th in the CMC with a market capitalization of USD 9,023,725,470. The asset’s volume has also decreased in the past 24 hours. The volume to market capitalization ratio for THETA is 0.03083, indicating a consolidation for the coming days. You can position your funds accordingly in the asset.

Technical indicators point to an upward trend in the THETA coin price

Source: trade view

THETA’s weekly technical chart shows weak bearish momentum for the coming days. Consolidated momentum can be seen on the daily chart with a hint of bullish momentum. Upward resistance for the THETA coin can be seen at USD 15. Expect the price to rebound near $ 7. The price has formed a zone of accumulation on the daily chart. When the price breaks the accumulation zone and jumps above $ 15, strong bullish momentum can be observed in the price. The THETA / BTC pair is also seeing weak bearish momentum but may soon break past resistance created. One should wait for the price to make a significant move before entering.

RSI (bearish): The RSI for the coin price is currently near the 53.5 level, which shows its presence in the neutral zone. The RSI has a small negative dip pattern that supports bearish momentum. The RSI for asset price shows bearish momentum

Conclusion

The THETA-Coin price is currently in a downward trend, but may see a recovery soon. It has given its investors more than 650% return and it may continue to do so in the future. The THETA / BTC pair can also see an upward momentum in the coming days. An investor should exercise due diligence before investing.

Technical levels

Essential support: $ 7

Main Resistance: $ 15

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