- \n
- Theta Network price now – $1.99<\/li>\n
- Theta Network market cap – $2 billion<\/li>\n
- Theta Network circulating supply – 1 billion<\/li>\n
- Theta Network total supply – 1 billion<\/li>\n
- Theta Network Coinmarketcap ranking – #49<\/li>\n<\/ul>\n
THETA\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $2.60, $2.70, $2.80<\/p>\n
Support levels: $1.50, $1.40, $1.50<\/p>\n
![\"Theta](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/THETAUSD_06022024.png\")
THETAUSD – Daily Chart<\/figcaption><\/figure>\n THETA\/USD is seen moving from $1.81 to cross above the resistance level of $2.00 in a matter of hours and touched an intraday high at $2.31. While the coin is seen slightly retreating below this level, the pair retains bullish momentum. Moreover, the Theta Network<\/a> price is currently trading at $1.99 in a daily uptrend which could form a bear flag in the long term. In the short term, THETA\/USD has gained more than 10% in the last 24 hours.<\/p>\n
Theta Price Prediction: What is the Next Direction for THETA?<\/h2>\n
According to the daily chart, the Theta Network price faces an uptrend as it is getting ready to trade above the upper boundary of the channel. However, today’s low at $1.76 could serve as strong support for the coin, if it is broken, the sell-off may be extended to $1.65.<\/p>\n
At the moment, the bulls are planning to retain the market by keeping the Theta Network price above the 9-day and 21-day moving averages. However, if the price moves below this barrier, it could hit the support levels of $1.50, $1.40, and $1.50. As the daily chart reveals, the 9-day MA remains above the 21-day MA, which indicates that the bullish trend may continue to play out. However, if the bulls increase the buying pressure and push the Theta Network price higher, further resistance levels could be found at $2.60, $2.70, and $2.80.<\/p>\n
THETA\/BTC Heads to the Upside<\/h2>\n
Against Bitcoin, the Theta (THETA)<\/a> is demonstrating a positive sign above the 9-day and 21-day moving averages. However, the trend is bullish within the channel, and it is currently changing hands at 3521 SAT which is very close to the upper boundary of the channel.<\/p>\n
![\"Theta](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/THETABTC_06022024.png\")
THETABTC – Daily Chart<\/figcaption><\/figure>\n Moreover, if the coin crosses and remains above the channel, the potential resistance level could be found at 4500 SAT and above but sliding toward the lower boundary of the channel may locate the closest support level at 2700 SAT and below. Therefore, the 9-day MA keeps hovering above the 21-day MA, indicating more bullish signals.<\/p>\n
@Sheldon_Sniper, with a following of 465k on X (formerly Twitter), highlights the potential for $THETA as it nears a significant weekly resistance. A breakthrough at $1.7 could signal a return to the $3 – $4 zone, showcasing a highly bullish outlook. Who managed to catch this promising trade early on?<\/p>\n
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$THETA<\/a> is approaching a big weekly resistance , a break of $1.7 opens doors back to $3 – $4 Zone , looking very bullish at the moment <\/p>\n
Who got the trade earlier from the show? pic.twitter.com\/Njw7QT5mLu<\/a><\/p>\n
— Sheldon The Sniper (@Sheldon_Sniper) February 26, 2024<\/a><\/p><\/blockquote>\n