THETA/USD Moved a melting 2.15% higher today. Either way, this crypto is the one with the most movement today. And, therefore, the current crypto price is now $1.1997. What can we expect from this crypto? We will soon find answers to this.
THETA Current Price: $1.19972
THETA Classic market capitalization: 1.2 billion
Total THETA Classic supply: 1 billion
THETA Rating: 45
Resistance: $1.1200, $1.1500, $1.1997
Support: $1.1100, $1.1000, $1000
THETA/USD Price Prediction: THETA Sees Upside Gains But Remains Vulnerable
Theta rose in value today, but the THETA/USD the daily chart suggests that the crypto is still weak. On this chart, we can see the last candle formed between the MA: 9 and 21 day moving averages. Hence, this indicates the indecision and weakness of this market.
With further observation, we can also see that the lines of the SRSI: Stochastic Strength Indicator, bend towards each other. Thus, it reduces the separation between them and brings the trend reversal closer. Therefore, these lines may cross, perhaps below or at the 70% level on the SRSI. This will illustrate the weakness of the upside gain in THETA.
THETA/USD Price Prediction: THETA Looks Resilient
On a shorter timeframe, THETA/USD appears to be resilient, based on indicator readings. The last candle on this chart has been halved by the MA lines, and it is bullish. Moreover, the curve of the SRSI indicator seems to be trying to reverse its downward trend. Indeed, the lines are preparing to cross on their way to the oversold zone.
Eventually, if this happens, THETA price will surely reach the $1.3000 level. However, it might be too ambitious to think that the price could reach $1.5000 and $1.6000.
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