Theta Network Price Prediction for Today, December 27

Theta Network Price Prediction for Today, December 27 – THETA Technical Analysis

Updated: 27 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Theta Network price prediction indicates a potential upward movement as the coin breaks above the upper boundary of the channel.

Theta Network Prediction Statistics Data:

Theta Network price now – $1.37
Theta Network market cap – $1.33 billion
Theta Network circulating supply – 1 billion
Theta Network total supply – 1 billion
Theta Network Coinmarketcap ranking – #56

THETA/USD Market

Key Levels:

Resistance levels: $1.55, $1.60, $1.65

Support levels: $1.11, $1.06, $1.01

Theta Network Price Prediction for Today, December 27 – THETA Technical Analysis — THETAUSD – Daily Chart

At the current moment, THETA/USD seems ready to continue its upward trajectory with increasing bullish momentum. Today, during the European trading session, the Theta Network marked a new peak at $1.41. However, should there be any short-term selling pressure, it’s anticipated that the Theta Network will face it head-on, potentially rebounding upwards.

Theta Network Price Forecast: THETA Gears Up for Further Upsides

Based on the daily chart, the Theta Network price remains above the 9-day and 21-day moving averages. If selling pressure intensifies, it might bring the price to a potential low of around $1.20. However, a sustained bullish activity could propel the Theta Network price above the upper boundary of the channel, targeting resistance levels at $1.55, $1.60, and $1.65.

In other words, if the bulls falter and fail to push the price higher, a decline below the moving averages could occur. Should the 9-day moving average dip below the 21-day moving average, the Theta Network price may find support levels around $1.11, $1.06, and $1.01.

THETA/BTC Ready for More Uptrends

The Theta Network price is trending upwards against Bitcoin, reaching a daily peak of 3231 SAT. With sustained bullish momentum, it has the potential to breach the upper boundary of the channel. Additionally, the 9-day moving average surpassing the 21-day moving average suggests further bullish indicators.

Moreover, a successful breakout above the upper boundary of the channel could propel the coin toward the resistance level at 3500 SAT and above. Conversely, if bullish efforts wane, sellers could bring the price down to the support level of around 2600 SAT or below.

Theta Network Alternatives

Currently, the Theta price remains above the 9-day and 21-day moving averages, although its attempt to stay above the upper boundary of the channel has not succeeded thus far but if the bulls intensify their efforts, a bullish crossover above the channel might materialize, with the closest resistance level at $1.50.

Nevertheless, Theta Network (THETA) has a notable market cap of $1.33 billion and ranks 56th in the crypto market, indicating its established presence. However, the new token, Bitcoin Minetrix ($BTCMTX), currently raising over $6.2 million in its presale, offers promising growth potential for investors. While THETA and other established tokens may have limited upside due to their significant market caps, emerging tokens like $BTCMTX present an attractive opportunity for diversification and potential returns.

New Crypto Mining Platform - Bitcoin Minetrix

Rating