Convergence

Token

Theta Network

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/theta-network-surges-30-can-theta-token-display-a-2x-run-this-month/" rel="noopener noreferrer nofollow">Theta Network Surges 30%! Can THETA Token Display A 2X Run This Month?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Bitcoin price has displayed a significant price action over the past week by adding approximately 17.5% over the past seven days. Following this, top altcoins have recorded massive price jumps in their portfolios.</p>
<p>On the other hand, Theta Network has witnessed a jump of over 30% within the past 24 hours, making it one of the top gainers of the day. Further, the altcoin has added approximately 50% over the past seven days, indicating a strong bullish influence in the crypto space.</p>
<h2 class="wp-block-heading" id="h-theta-network-successfully-reclaims-3-mark">Theta Network Successfully Reclaims $3 Mark!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/theta-price-prediction/" rel="noopener noreferrer nofollow">THETA price</a> traded in a closed range between $0.934 and $1.133 for a brief period, indicating a disinterest of investors in it. As the market volatility grew, the bulls gained momentum and successfully broke out of the range where the price displayed a neutral trend for the next eight days.</p>
<p>After multiple failed attempts to break out of the resistance level, the bulls recorded a jump of over 62% within hours, highlighting a bullish reversal in the crypto space. Following this, the Theta token faced rejection at the resistance level of $2.262, after which the price traded sideways for a while.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/MMf0cTkiGivFunvxQSjrODFznOdpX56vJcBUNZgB1902Lw-FD2g8EXNjnWHtoYayAkbbfTIiMO52ZvIcJfHAS4aD7db9c-nFIRUUn3oEw_x81e52v_AYsOqjXu3btyfR4AUOkV1wVXAtlLkp3WsFQSk" alt="Theta Network Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: THETA/USDT
 </figcaption>
</figure>
<p>The Theta Network price jumped 35.16%, successfully breaking out of the resistance level. However, the rally was short-lived as the price faced rejection at $2.560, following which the price traded in a closed range between $2.262 and $2.560. Recently, the bulls recorded a jump of over 30%, after which the price faced rejection at $3.388.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a significant rise in the green histogram, indicating a notable increase in the buying pressure within the crypto market. Further, the averages show a sharp rise, suggesting a positive price action for this altcoin in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-theta-token-hit-5-soon">Will THETA Token Hit $5 Soon?</h2>
<p>If the market holds the price above the support level of $3.010, the bulls will regain momentum and prepare to test its resistance level of $3.388. Maintaining the price at that level will set the stage for the THETA token to attempt to test its upper resistance level of $3.80 by the weekend.</p>
<p>Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its support level of $2.560. Moreover, if the bears continue to dominate the market, it will continue to bleed and prepare to test its lower limit of $2.262.</p>

Theta Network Surges 30%! Can THETA Token Display A 2X Run This Month?

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