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The Theta price prediction may lose ground toward $0.80, but the recovery above $0.85 could help to mitigate the initial pressure.
Theta Prediction Statistics Data:
- Theta price now – $0.81
- Theta market cap – $817.6 million
- Theta circulating supply – 1 billion
- Theta total supply – 1 billion
- Theta Coinmarketcap ranking – #50
THETA/USD Market
Key Levels:
Resistance levels: $1.10, $1.20, $1.30
Support levels: $0.60, $0.50, $0.40
At the time of writing, THETA/USD displays just enough power to defend the support at $0.80. All the attempts made towards recovery to prevent the coin from falling below $0.80 may bow to the selling activity under the 9-day and 21-day moving averages. Now, the Theta price is hovering at $0.81 after a loss of 4.80% on the day. In the short term, bearish momentum is very likely especially if the bulls fail to hold the price above $0.85 and the nearest support at $0.80 may be broken.
Theta Price Prediction: What could be the Next Move for THETA?
The Theta price would need to rise and break above the upper boundary of the channel, but if the sellers push lower, traders can expect very strong support at $0.80; this could then be followed up with support at $0.75. If the bears push further below this support, then additional supports may be located at $0.60, $0.50, and $0.40.
On the other hand, if the buyers regroup and rebound from the current market value of $0.81, the first level of resistance could be located at $0.90. This could then be followed by the resistance levels of $1.10, $1.20, and $1.30 while the Relative Strength Index (14) moves below the 60-level to indicate bearish movement within the market.
When compares with Bitcoin, the Theta price keeps trading as the coin moves toward the negative side. THETA/BTC is currently trading at 2789 SAT as the bulls failed to push the price to the north. However, if the price drop below the moving averages, the next support may come at 2300 SAT and below.
On the contrary, a possible bullish movement could push the market above the upper boundary of the channel, and a break above this may enable the Theta price to reach the resistance level of 3500 SAT and above as the Relative Strength Index (14) is likely to slide below the 60-level, suggesting additional bearish signals.
Theta Alternatives
According to the daily chart, the Theta price is hovering above the 9-day and 21-day moving averages as the initial move to cross the upper boundary of the channel failed. From above, if the bulls increase the pressure, a bullish cross above the channel may come into play and the nearest resistance level could be found at $1.00.
Nevertheless, the fact that the Wall Street Memes presale has already raised close to $18 million in funding, has managed to catch the eye of prominent crypto influencers. Meanwhile, despite these encouraging events for the Wall Street Memes presale, the token’s success will primarily be driven by the strength of its community.
New OKX Listing - Wall Street Memes
- Established Community of Stocks & Crypto Traders
- Featured on Cointelegraph, CoinMarketCap, Yahoo Finance
- Rated Best Crypto to Buy Now In Meme Coin Sector
- Team Behind OpenSea NFT Collection - Wall St Bulls
- Tweets Replied to by Elon Musk
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