THETA/USD Builds Gain Above $1.17

Over the past 24 hours, Theta price prediction shows that THETA gains 6.62%, and the next resistance level could be at $1.20.

Theta Prediction Statistics Data:

• Theta price now is $1.12
• Theta market cap – $1.1 billion
• Theta circulating supply – 1 billion
• Theta total supply – 1 billion
• Theta Coinmarketcap ranking – #47

THETA/USD Market

Key Levels:

Resistance levels: $1.40, $1.50, $1.60

Support levels: $0.90, $0.80, $0.70

THETA/USD is seen moving from $1.05 to the cross above the resistance level of $1.17 in a matter of hours and touched an intraday high at $1.18. While the coin is seen slightly retreating below this level, the pair retains bearish momentum. Moreover, the Theta price is currently trading at $1.12 in a daily uptrend which could form a bear flag in the long term. In the short term, THETA/USD has gained more than 6.62% in the last 24 hours.

Theta Price Prediction: What is the Next Direction for THETA?

According to the daily chart, the Theta price faces an uptrend as it is getting ready to trade above the upper boundary of the channel. However, today’s low at $1.01 could serve as strong support for the coin, if it is broken, the sell-off may be extended to $0.95.

At the moment, the bulls are planning to retain the market by keeping the Theta 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 $0.90, $0.80, and $0.70. As the daily chart reveals, the Relative Strength Index (14) is moving above the 70-level, which indicates that the bullish trend may continue to play out. However, if the bulls increase the buying pressure and push the Theta price higher, further resistance levels could be found at $1.40, $1.50, and $1.60.

Against Bitcoin, the Theta (THETA) 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 487 SAT which is very close to the upper boundary of the channel.

Moreover, if the coin cross above the channel, the potential resistance level could be found at 570 SAT and above but facing the lower boundary of the channel may locate the closest support level at 400 SAT and below. Therefore, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, indicating more bullish signals.

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