In this Theta Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for THETA-BTC. Theta Network is a decentralized streaming platform that leverages blockchain technology to provide users with a secure and transparent viewing experience. THETA is the native cryptocurrency of the platform, and it powers various features such as content delivery, user engagement, and rewards for contributors. With Theta Network, users can enjoy high-quality video content without any interruptions or buffering, while also supporting the growth of the decentralized ecosystem.
Theta Network Price Overview:
As of May 14, 2024, Theta Network is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for THETA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 3e-05 |
| High (H) | 3e-05 |
| Low (L) | 3e-05 |
| Close (C) | 3e-05 |
| Volume (C) | 47,250.40 |
- Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
- High (H): Theta Network reached a daily high of around 3e-05 BTC.
- Low (L): The daily low for THETA-BTC was approximately 3e-05 BTC.
- Close (C): At the time of analysis, Theta Network is trading near its daily close of 3e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.63% |
| 3D Change (%) | -4.82% |
| 7D Change (%) | -8.65% |
| 30D Change (%) | -4.79% |
| 90D Change (%) | 49.14% |
| YTD Change (%) | 6.12% |
Over the past three days, THETABTC has declined by approximately -4.82%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -8.65%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with THETABTC maintaining a downward trend of approximately -4.79%, despite intermittent fluctuations. Examining the last 90 days, THETABTC has witnessed substantial rise of approximately 49.14%, reflecting strong long-term confidence. Year-to-date, THETABTC has steadily increased by around 6.12%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Theta Network Live Chart:
You can access a live price chart for THETA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.45531.
- Momentum score is -0.12736.
THETA BTC Technical Analysis
Theta Network Trading Volume:
The trading volume for Theta Network (THETA) over the past 24 hours has been insignificant, with approximately 47,250.40 BTC traded against THETA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): THETA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Theta Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for THETA-BTC is currently in the low zone, around 43.75089. This suggests that Theta Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Theta Network (THETA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Theta Network (THETABTC) at 3.14e-05 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on THETA USDT Theta Network Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.