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The Theta Network price prediction indicates a potential upward movement as the coin aims to break above the upper boundary of the channel.
Theta Network Prediction Statistics Data:
- Theta Network price now – $0.63
- Theta Network market cap – $636 million
- Theta Network circulating supply – 1 billion
- Theta Network total supply – 1 billion
- Theta Network Coinmarketcap ranking – #52
THETA/USD Market
Key Levels:
Resistance levels: $0.75, $0.77, $0.79
Support levels: $0.52, $0.50, $0.48
As of the time of writing, THETA/USD appears poised for further gains as bullish momentum enters the market. During the European trading session today, the Theta Network price reached a new high of $0.68. However, in the event of short-term selling pressure, Theta Network is expected to confront it and potentially make a recovery toward the upside.
Theta Network Price Forecast: Theta Network (THETA) Gears Up for Further Upsides
According to the daily chart, the Theta Network price is seen hovering above the 9-day and 21-day moving averages. Meanwhile, if the selling pressure resumes in the market, it could lead to a new low of $0.60. Nonetheless, should buyers maintain their bullish momentum, it could result in the Theta Network price surpassing the channel, targeting resistance levels at $0.75, $0.77, and $0.79.
In the scenario where bulls fail to drive the coin upwards, there may be a downturn below the moving averages. While the Relative Strength Index (14) remains above the 50-level, there’s a likelihood that the Theta Network price could find support at $0.52, $0.50, and $0.48 if it heads toward the lower boundary of the channel.
THETA/BTC Could Gain More Uptrends
Against Bitcoin, the Theta Network price is heading northwards, touching a daily high of 2580 SAT. It could potentially cross above the upper channel boundary with increased effort from the bulls. Consequently, the Relative Strength Index (14) is showing signs of moving toward the 60-level, indicating more bullish signals.
Nevertheless, a bullish cross above the upper boundary of the channel could drive the coin toward the resistance level of 2700 SAT and above. However, if the bulls fail to push the coin upwards, sellers might bring it down to the support level of 2000 SAT and below.
Alternatives to Theta
Currently, the Theta price remains above the 9-day and 21-day moving averages, although its attempt to break through the upper boundary of the channel has not succeeded thus far. If the bulls intensify their efforts, a bullish crossover above the channel might materialize, with the closest resistance level at $0.70.
On a separate note, the Wall Street Memes presale has already secured a remarkable $25 million in presale, drawing the attention of prominent crypto influencers. Despite these positive developments surrounding the Wall Street Memes presale, the token eagerly awaits its official launch in the coming days.
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