Theta coin shows the onset of fresh buying indications amid strong bullish sentiments. The bulls are willing to smash its previous month’s swings of $1.330.
The coin showcases steady cues near its 200 days EMA and holds the gains decisively.
Moreover, the price action has produced a V shaped comeback from the lower bottom. However, the price traded near the upper Bollinger band and is willing to register a fresh breakout.
At the time of writing, Theta coin is trading at $1.24 with an intraday gain of 3.24%. Moreover, the pair of THETA/BTC is at $0.00005182 with 5% gains. The trading volume also increased by 4% in the last 24hrs.
Daily chart shows the beginning of an UpTrend
On the daily chart, Theta coin cracked its major trendline and switched its trend. Moreover, it forms a double bottom pattern that signals the coin is prepared to strain its earlier highs of $1.50 soon. However, the coin leaped by 23% in the last 7 sessions. The buyers accumulated the coin from the support range of $1.00 after which the momentum smoothened out.
Theta network coin met selling pressure during the last phase of 2022, and price correction was witnessed. The recent weeks have responded as a path builder for the coin and set a promising outlook. Bulls rescued momentum and initiated vending inside the rising channel.
Theta coin shaped the candle on the 200 days EMA without exact gestures of a further trend. If the coin closes the candle above it, we may expect a further trajectory rise to $1.40. While if it closes below it, then 20 EMA at $1.10 reacts as support.
Short term charts shows bullish actions
On the 4 hours chart, Theta coin ascends momentum with the rising parallel channel. The bulls are eagerly waiting to smash the resistance level of $1.50. As per the Fib levels, the price bounced back from the exact 50% level and now hovers near the 78.6% level. Although, sellers stayed discreet with the incremental move in recent days.
Traditional indicators on Theta
ខ្សែ RSI ( Bullish ): The RSI curve is in the buying region near 65, indicating bullish cues with a long buildup. Moreover, it reflects positive outlooks for upcoming sessions.
ខ្សែ MACD ( Bullish ): The MACD indicator offered a bullish crossover in the last few sessions denoting that it will give more vertical action in the next sessions.
សន្និដ្ឋាន
តូតា network is ready to clear the immediate hurdle of $1.50 soon. The leading indicators are giving clues of further upswings.
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Nancy J. Allen គឺជាអ្នកចូលចិត្តគ្រីបតូ ហើយជឿជាក់ថា រូបិយប័ណ្ណគ្រីបតូ បំផុសគំនិតមនុស្សឱ្យក្លាយជាធនាគារផ្ទាល់ខ្លួនរបស់ពួកគេ ហើយដើរចេញពីប្រព័ន្ធប្តូររូបិយប័ណ្ណប្រពៃណី។ នាងក៏ចាប់អារម្មណ៍នឹងបច្ចេកវិទ្យា blockchain និងមុខងាររបស់វាផងដែរ។
Source: https://www.thecoinrepublic.com/2023/02/24/theta-price-prediction-will-bulls-be-able-to-sustain-over-200-ema/