In this Theta Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for THETA-BTC. Theta Network (THETA) is a decentralized video streaming platform that utilizes blockchain technology to provide a secure and efficient means of streaming high-quality video content. By leveraging the power of blockchain, Theta Network allows content creators to monetize their videos in a more transparent and equitable manner, while also providing users with a more reliable and cost-effective way to stream video content. Through its innovative use of blockchain technology, Theta Network is revolutionizing the way we consume and interact with video content.
Theta Network Price Overview:
As of September 22, 2023, Theta Network is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for THETA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 68,892.60 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Theta Network reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for THETA-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Theta Network is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.21% |
| 3D Change (%) | 0.18% |
| 7D Change (%) | -2.30% |
| 30D Change (%) | -7.66% |
| 90D Change (%) | -7.28% |
| YTD Change (%) | -48.44% |
Over the past three days, THETABTC has risen by approximately 0.18%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -2.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with THETABTC maintaining a downward trend of approximately -7.66%, despite intermittent fluctuations. Examining the last 90 days, THETABTC has witnessed substantial decrease of approximately -7.28%, reflecting strong long-term confidence. Year-to-date, THETABTC has steadily depreciated by around -48.44%, 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 0.27579.
- Momentum score is -0.07664.
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 68,892.60 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 42.32806. 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.
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.
