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The crypto market charts look promising, given that yesterday, Bitcoin managed to climb by around 9% to clinch the $47,000 value again. This recovery has been witnessed across the broader market, and many altcoins have been trading in the green zone during the past 24 hours. THETA is trading at $6.23 at the time of writing after a 21.6% gain in 24 hours.
THETA Price Analysis
THETA has started the last quarter of 2021 with a massive upswing. Since yesterday, the coin has managed to move from the lows of $5 to the current $6.25, showing that market and buyer support are strong.
If the THETA uptrend continues, the coin will test the higher resistance levels of $6.35 and $6.40. These are critical levels for the coin because if it manages to break past here, the next target level will be $7, a high that THETA created in early September when the market bulls were at their strongest.
On the other hand, the coin could fail to maintain this uptrend. Over the past few weeks, volatility across the broader market has been high, which has caused many coins to take major dips. The token could drop to the lower resistance of $6.10 in the short term if the market support fails. A stronger bearish sentiment could cause dips below $6.
Besides the broader market support, developments on the Theta blockchain have also played a key role to influence the current bulls. Theta has announced the launch of the new Theta Video API service that will equip developers with the power needed to bring Web 3.0 decentralized video to any application and thus boost efficiency. This is a major development for the Theta network.
Where to Buy
If you want to buy THETA during the current market bulls, you can open a cryptocurrency exchange account on the following exchanges:
- eToro
eToro is a social copy trading platform where a new trader can copy the trading strategies being used by expert traders. eToro comes equipped with user-friendly features such as low trading fees.
- Huobi Global
The other exchange from which you can THETA is Huobi Global. This is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also has a user-friendly interface that makes it easy to buy and sell cryptocurrencies.
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