THETA Price May Give A Breakout For $20
- THETA currently trails inside an accumulation zone. In contrast, it has seen a gain of 4.92% in an intraday session.
- Technical indicator hints at a consolidated momentum for the price. Meanwhile, the THET/BTC pair is also seeing a consolidated momentum.
THETA price saw a gain of 5% in an intraday session and is currently trailing at $11.7. THETA price went up to the roof with a growth of 700% in less than three months.
It currently trails above 50 and 100 Daily Moving Average (MA).
The 50MA is currently at $11.2, making it temporary support for the coin. THETA/BTC pair can also see a significant gain in the upcoming days.
THETA has a market capitalization of $11,719,048,304 with a ranking of 17th in the crypto-verse. The volume of the coin has seen a jump of 65% in the intraday session.
The volume to Market capitalization ratio for the coin is 0.05 showcasing a consolidated momentum.
Technical Indicators Hints A Consolidated Momentum For THETA Price
Source : Trading view
The weekly technical chart of THETA hints at a bullish momentum in the candle chart. THETA price bulls are slowing down on the daily chart. The resistance for the coin on going up will be at $15. In the future, it could see a bounce back from $8.
THETA price has formed an accumulation zone in the daily chart. If the price goes above the accumulation zone and reaches $15, then a strong bullish momentum can be seen. THETA/BTC pair is also in a consolidation zone with a hint of bullish momentum. One should wait for the price to give a breakout before making any big move.
RSI (Bearish): It is currently trailing at 55.01, showcasing its presence in the neutral zone. There is positive slope formation in RSI, which supports the bullish momentum. The overall sentiment for the RSI is bullish.
THETA price projects a consolidation move for upcoming days. It has given a return of more than 650% in less than three months.
The THETA/BTC pair can too follow a bullish momentum. Investors should do their due care before investing.