THETA USDT Theta Network Technical Analysis

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By Frans van Elst

Theta Network logo In this Theta Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for THETA-USDT. Theta Network is a decentralized streaming platform that utilizes blockchain technology to provide users with secure and high-quality video content. THETA tokens are used as the native currency for the platform, allowing users to access premium content and participate in the network’s governance. With Theta Network, content creators can monetize their videos directly through tokenized rewards, creating a more equitable and sustainable ecosystem for all stakeholders.

Theta Network Price Overview:

As of May 20, 2024, Theta Network is trading at approximately 2.275 USDT. Let’s dive into the detailed price action for THETA-USDT:

Embrace upward trends for Theta Network (THETAUSDT) at 2.27 USDT as bullish technical analysis confirms robust support and promising indicators.

Metric Value
Open (O) 2.148
High (H) 2.318
Low (L) 2.121
Close (C) 2.275
Volume (C) 4,593,886.70
  • Open (O): The opening price for today’s trading session was approximately 2.148 USDT.
  • High (H): Theta Network reached a daily high of around 2.318 USDT.
  • Low (L): The daily low for THETA-USDT was approximately 2.121 USDT.
  • Close (C): At the time of analysis, Theta Network is trading near its daily close of 2.275 USDT.
Metric Value
1D Change (%) 5.91%
3D Change (%) 2.48%
7D Change (%) 14.32%
30D Change (%) -1.94%
90D Change (%) 89.58%
YTD Change (%) 82.00%

Over the past three days, THETAUSDT has increased by approximately 2.48%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 14.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with THETAUSDT maintaining a downward trend of approximately -1.94%, despite intermittent fluctuations. Examining the last 90 days, THETAUSDT has witnessed substantial rise of approximately 89.58%, reflecting strong long-term confidence. Year-to-date, THETAUSDT has steadily appreciated by around 82.00%, 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-USDT 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 0.66479.
  • Momentum score is 0.04262.

THETA USDT Technical Analysis

Theta Network Trading Volume:

The trading volume for Theta Network (THETA) over the past 24 hours has been significant, with approximately 4,593,886.70 USDT 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-USDT is currently in the neutral zone, around 50.6488. This suggests that Theta Network is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Theta Network (THETA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.

Embrace upward trends for Theta Network (THETAUSDT) at 2.27 USDT as bullish technical analysis confirms robust support and promising indicators.

Take the next step in your exploration by delving into our detailed insights on THETA BTC Theta Network Technical Analysis; it’s a natural follow-up if you enjoyed this post.

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.

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