Theta Token Price Prediction – THETA Price Estimated to Reach $1.07 By Dec 23, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Theta Token is down -8.78% today against the US Dollar
• THETA/BTC decreased by -7.88% today
• THETA/ETH decreased by -6.00% today
• Theta Token is currently trading 7.44% below our prediction on Dec 23, 2023
• Theta Token gained 8.26% in the last month and is up 31.28% since 1 year ago

THETA price is expected to rise by 9.20% in the next 5 days according to our Theta Token price prediction

Theta Token price today is trading at $ 0.991382 after losing -8.78% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -8.14% in the same time period. THETA performed poorly against BTC today and recorded a -7.88% loss against the world’s largest cryptocurrency.

According to our Theta Token price prediction, THETA is expected to reach a price of $ 1.07 by Dec 23, 2023. This would represent a 9.20% price increase for THETA in the next 5 days.

THETA Price Prediction Chart

Buy/Sell Theta Token

What has been going on with Theta Token in the last 30 days

Theta Token has been displaying a positive trend recently, as the coin gained 8.26% in the last 30-days. The medium-term trend for Theta Token has been bullish, with THETA increasing by 61.45% in the last 3 months. The long-term picture for Theta Token has been positive, as THETA is currently displaying a 31.28% 1-year price change. On this day last year, THETA was trading at $ 0.755166.

Theta Token reached its all-time high price on Apr 16, 2021, when the price of THETA peaked at $ 16.07. The current THETA cycle high is $ 1.20, while the cycle low is at $ 0.562223. THETA has been displaying low volatility recently – the 1-month volatility of the coin is at 6.94. Theta Token recorded 16 green days in the last 30 days.

Theta Token technical analysis for today – Dec 18, 2023

The sentiment in the Theta Token markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 1.03, $ 1.01 and $ 0.965889, while $ 1.09, $ 1.13 and $ 1.15 are the key resistance levels.

Bearish sentiment for Theta Token

14 indicators are currently signaling a bullish prediction for Theta Token, while 17 indicators are showing a bearish forecast. With 55% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Theta Token.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Theta Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Theta Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Theta Token is at 49.68, suggesting that THETA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Theta Token over the last 50 days. Currently, Theta Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the THETA closing price for the last 200 days. THETA is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Theta Token prediction

After considering the above factors, we can conclude that the current forecast for Theta Token price prediction is Bearish. THETA would have to increase by 9.20% to hit our $ 1.07 target within the next five days. Moving forward, it will be important to monitor the THETA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Theta Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.