Theta Network Price Prediction for Today, June 15: THETA/USD Draws Short-Term Bullish Sentiment towards $0.700 Level

Updated: 15 June 2023

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The Theta Network price prediction shows that THETA is likely to climb above the moving averages to begin the upward trend.

Theta Network Prediction Statistics Data:

Theta Network price now – $0.635
Theta Network market cap – $636 million
Theta Network circulating supply – 1 billion
Theta Network total supply – 1 billion
Theta Network Coinmarketcap ranking – #56

THETA/USD Market

Key Levels:

Resistance levels: $0.900, $1.000, $1.100

Support levels: $0.400, $0.300, $0.200

Theta Network Price Prediction for Today, June 15: THETA/USD Draws Short-Term Bullish Sentiment towards $0.700 Level — THETAUSD – Daily Chart

At the time of writing, THETA/USD is changing hands at around $0.635 as the coin heads to the upside. Today’s trading begins with a slight uptrend in the market as the coin moves to touch the daily high of $0.635. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

Theta Network Price Prediction: THETA Gets Ready for the Upside

According to the daily chart, the next step for the Theta Network price is to cross above the 9-day and 21-day moving averages. Once this is done, bulls could push the coin to hit the resistance levels at $0.900, $1.000, and $1.100 respectively.

However, as the technical Indicator Relative Strength Index (14) recovers from the oversold region, THETA/USD is ready for the north, once this plays out, it can manage to sustain the bullish movement toward the resistance levels of $0.700 and $0.800. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $0.400, $0.300, and $0.200 respectively.

Against Bitcoin, the Theta Network is moving toward the 9-day and 21-day moving averages as the coin may cross above this barrier. At the moment, bulls are to push the coin to the positive side while the technical Indicator Relative Strength Index (14) faces the north.

Nevertheless, if the bears drag the price below the lower boundary of the channel, THETA/BTC may fall to the support level of 2000 SAT and below. Meanwhile, the continuation of the bullish movement may push the price above the moving averages, and gaining more uptrends may cause the coin to hit the resistance level of 3100 SAT and above.

Alternatives to Theta

When new uptrends are coming up, traders may use the moving averages to gauge the strength of the trend. Nevertheless, if THETA/USD soars above the 9-day and 21-day moving averages, this could be a sign of sustainability and may likely result in a bullish continuation. However, one of the hallmarks of a successful meme token is a strong tokenomics model. Wall Street Memes Token has a simple one, with half of the tokens being allocated towards the presale. 30% of the tokens are allocated to a reserve for community rewards. During the WSM presale, close to $7 million has been raised.

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