Theta Token (THETAUSD) Continues to Hold Its Support Level Below the $0.9858 Support Level
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The $0.8813 price level is the level that blocked the bear market and gave way to a bullish trend that settled the market at a level above the $1.00 price level. Theta token then took up a consolidation trend above the $1.00 price level since the middle of March. However, on April 13, at a higher support level of $1.042, the market began to move in a bullish way. But the trend was short-lived as traders became bearishly biased above $1.20.
THETA/USD Price Statistics
- THETA/USD Price Now: $0.99
- THETA/USD Market Cap: $990,192,417
- THETA/USD Circulating Supply: 1,000,000,000 THETA
- THETA/USD Total Supply: 1,000,000,000
- THETA/USD CoinMarketCap Ranking: #50
Key Levels
- Resistance: $1.2, $1.3, and $1.4
- Support: $0.9, $0.8, and $0.7
Price Prediction for Theta Token: The Indicators’ Point of View
According to the Bollinger Bands indicator, the expanding bands are a pointer to high volatility, which is good for traders. Also, because of the volatility, the bulls are formidable, as the market can burst into a bullish trend in the next daily session. However, for now, the market momentum continues at 43.9 in the Relative Strength Index. According to the Relative Strength Index (RSI), the selling momentum is weak. This is because the supply level is near the support level and the bearish price has continuously been cut short at the support level. Therefore, we should be expecting an upside breakout very soon.
THETA/USD 4-Hour Chart Outlook:
From a 4-hour perspective, the bear market is relentless. The resistance level has slightly shifted lower to the $1.013 price level from the $1.03 price level, while the support level continues to hold its position at the key support level. The market is set for bullish action, and in the next active trading sessions of tomorrow, we should see the market going in a bullish direction.
