• Theta (THETA) has gained over 6.62% in the last 24 hours, reaching an intraday high of $1.18.
• The next resistance level for THETA/USD could be around $1.20, while its current price is at $1.12.
• 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 (BTC).
Theta Price Prediction for Today
Theta (THETA) has been on a bullish trend in the past 24 hours with a gain of 6.62%, pushing its price to an intraday high of $1.18 and currently trading at $1.12 as per Coinmarketcap data.. Analysts expect that if there is more buying pressure from buyers then the next resistance level for THETA/USD could be around $1.20 or higher.. Meanwhile, strong support for the coin lies at levels of $0.90, $0.80 and 0$070 if prices fall below this barrier..
Theta Statistics
The Theta market capitalization stands at 1 billion USD with a circulating supply of 1 billion tokens and total supply of 1 billion tokens according to Coinmarketcap rankings.. Currently, it is ranked #47 among other cryptocurrencies in terms of market value..
THETA/USD Market Key Levels
The daily chart reveals that THETA/USD faces an uptrend as it is getting ready to trade above the upper boundary of the channel.. However, today’s low at $1 can serve as strong support for any possible sell-off should it break down below this level.. Moreover, if there is increased buying pressure and further gains are seen then further resistances may be seen at levels of $1.40,$1,.50 and$1660 respectively.,
THETABTC – Daily Chart
Against Bitcoin (BTC), Theta (THETA) is demonstrating a positive sign above both 9-day and 21-day moving averages but within a narrow channel range.. At present, it trades near 487 SAT which is close to the upper boundary of this channel pattern indicating potential further gains in prices if buyers increase their demand for this digital asset..
Conclusion
Overall analysts are optimistic about Theta’s future performance as its trend remains bullish over short term time frames however caution must still be taken when investing in any digital asset due to their highly volatile nature…