Theta Network Price Prediction for Today, November 1

Theta Network Price Prediction for Today, November 1 – THETA Technical Analysis

Updated: 03 November 2023

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Theta Network price prediction shows that THETA moves to the upside as any close above the $0.130 price mark is expected.

Theta Network Prediction Statistics Data:

Theta Network price now – $0.126
Theta Network market cap – $768.7 million
Theta Network circulating supply – 1 billion
Theta Network total supply – 1 billion
Theta Network Coinmarketcap ranking – #54

THETA/USD Market

Key Levels:

Resistance levels: $0.90, $0.95, $1.00

Support levels: $0.60, $0.55, $0.50

Theta Network Price Prediction for Today, November 1 – THETA Technical Analysis — THETAUSD – Daily Chart

THETA/USD is seen trading at $0.73 after recording an intraday high at $0.83 during the European session today. Looking at the daily chart, Theta Network (THETA) is heading toward the upside as the coin spikes above the upper boundary of the channel.

Theta Network Price Prediction: THETA Heads to the Upside

Theta Network price has been ranging within the channel for the past few weeks as the coin hovers around the $0.73 level. In the meantime, Theta Network price may cross above the upper boundary of the channel to touch the nearest resistance at $0.80.

Meanwhile, Theta Network price may continue to do well if the bulls increase the pressure, the price could hit the resistance levels at $0.90, $0.95, and $1.00 respectively. On the contrary, if the coin decides to make a quick turn to the south, there may be a bearish movement toward the lower boundary of the channel and the bearish drop could touch the support levels of $0.60, $0.55, and $0.50.

THETA/BTC Trades Bullishly

Against Bitcoin, Theta Network price is currently hovering above the 9-day and 21-day moving averages. The market price may focus on upward movement if the coin touches the resistance level of 2400 SAT. Meanwhile, THETA/BTC is currently trading at 2165 SAT as the next key resistance may come to be at 2600 SAT and above.

On the downside, a possible bearish movement below the 9-day and 21-day moving averages comes into play, when this is done, the support level of 1700 SAT and below could be visited. Meanwhile, the market may continue to have a bullish day if the 9-day MA crosses above the 21-day MA to confirm the bullish movement.

Theta Alternatives

Theta Network price is seen moving from $0.72 to the cross above the resistance level of $0.82 in a matter of hours and touching an intraday high at $0.83. While the coin is seen slightly retreating below this level, the pair retains bearish momentum. Moreover, the Theta price is currently trading at $0.73 in a daily uptrend which could form a bear flag in the long term.

Theta has a market capitalization of $0.75 billion, and it is rare for a coin with such a big market cap to make hundreds of percentage of gains in a few weeks or a few months, but crypto with low caps like Bitcoin Minetrix may gain hundreds of percentage in weeks, because its market cap is low, and the potential to skyrocket is huge. Bitcoin Minetrix is perfectly positioned to catch the upturn not only in a general sense but also at the level of Bitcoin protocol fundamentals, namely mining. Meanwhile, the token has achieved over $3.0 million in the ongoing presale.

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