THETA Shows Bullish Strength as Price Surges to $0.7729

Theta price analysis shows bullish momentum today, as the bears struggle to take the lead. The bulls have been in control of the market and have pushed the price up, and the pair has surged by over 0.83% and is currently trading at the $0.7729 mark. The price levels have increased once more as bulls continue their dominance following the previous trading session, which led to an upward break for the price function at the start of today’s trading session.

Resistance for THETA is trading at $0.7779; if this level is broken, the coin may move toward $0.78 and possibly higher. The 24-hour trading volume has decreased and is currently at $6,582,197, and the market capitalization for the THETA/USD pair is trading at $773,328,061.

Looking at the daily chart, Theta price movement confirms that the cryptocurrency pair is on an upward trend, as bulls have remained in control of the price chart. However, the THETA/USD pair price remains above $0.7729 and is expected to show strong buying interest at the $0.76 support level. The market’s volatility follows a slightly closed movement, resulting in the cryptocurrency being less prone to volatile change on either extreme. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator signals that the trend is continuing up and that the coin’s positive momentum is expected to continue.

THETA/USD 1-day chart: TradingView

According to the Theta price analysis, the bulls are still covering the area upward. The THETA price has increased from $0.7729 to $0.7733 at the time of writing, with the coin trading at the latter amount. This indicates that prices have risen by over 0.83 percent in the last 24 hours. Moreover, the relative strength index (RSI) indicator is currently at 36.34 and is slowly rising towards the overbought region, which suggests that the prices may consolidate at current levels before a breakout.

To sum up, the Theta token indicates that the upward momentum of the market is gradually stabilizing. Currently, the price is $0.7729, and further price rises are anticipated. A significant price gain for Theta is indicated by the 24-hour chart, which is excellent news for buyers as it is anticipated that the price will increase.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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