THETA traded with a positive move against the US Dollar and is currently trading at $ 0.492, slightly below the main resistance of $ 0.50. The token has definitely pulled a positive crossover compared to the previous week’s downward movement around USD 0.40 after the steep correction at the beginning of the week. After giving up the winnings in the previous week, the THETA token regains the lost momentum.
THETA / USD chart from TradingView
THETA token traded close to breaking immediate resistance at $ 0.49, regaining lost support from MA50 & MA200 on the 24-hour chart at press time. The trend towards breaking the lower Bollinger Band is now also moving away from the extremities.
In this regard, the MACD line is approaching the crossing of the signal line for a bullish crossover on the daily chart and the RSI of the theta token is strengthening from the very bottom and currently stands at 57.86, with a moderate slope towards the overbought Area.
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