Theta Network Price Prediction for Today, September 23 – THETA Technical Analysis

The Theta Community value prediction signifies a possible upward motion because the coin goals to interrupt above the higher boundary of the channel.

Theta Community Prediction Statistics Knowledge:

Theta Community value now – $0.63
Theta Community market cap – $636 million
Theta Community circulating provide – 1 billion
Theta Community whole provide – 1 billion
Theta Community Coinmarketcap rating – #52

THETA/USD Market

Key Ranges:

Resistance ranges: $0.75, $0.77, $0.79

Assist ranges: $0.52, $0.50, $0.48

As of the time of writing, THETA/USD seems poised for additional positive aspects as bullish momentum enters the market. In the course of the European buying and selling session as we speak, the Theta Community value reached a brand new excessive of $0.68. Nonetheless, within the occasion of short-term promoting stress, Theta Community is predicted to confront it and probably make a restoration towards the upside.

Theta Community Value Forecast: Theta Community (THETA) Gears Up for Additional Upsides

In accordance with the each day chart, the Theta Community value is seen hovering above the 9-day and 21-day transferring averages. In the meantime, if the promoting stress resumes available in the market, it might result in a brand new low of $0.60. Nonetheless, ought to consumers keep their bullish momentum, it might end result within the Theta Community value surpassing the channel, concentrating on resistance ranges at $0.75, $0.77, and $0.79.

Within the state of affairs the place bulls fail to drive the coin upwards, there could also be a downturn beneath the transferring averages. Whereas the Relative Power Index (14) stays above the 50-level, there’s a chance that the Theta Community value might discover assist at $0.52, $0.50, and $0.48 if it heads towards the decrease boundary of the channel.

THETA/BTC Might Achieve Extra Uptrends

In opposition to Bitcoin, the Theta Community value is heading northwards, touching a each day excessive of 2580 SAT. It might probably cross above the higher channel boundary with elevated effort from the bulls. Consequently, the Relative Power Index (14) is displaying indicators of transferring towards the 60-level, indicating extra bullish indicators.

However, a bullish cross above the higher boundary of the channel might drive the coin towards the resistance stage of 2700 SAT and above. Nonetheless, if the bulls fail to push the coin upwards, sellers would possibly carry it right down to the assist stage of 2000 SAT and beneath.

Alternate options to Theta

At the moment, the Theta value stays above the 9-day and 21-day transferring averages, though its try to interrupt by the higher boundary of the channel has not succeeded so far. If the bulls intensify their efforts, a bullish crossover above the channel would possibly materialize, with the closest resistance stage at $0.70.

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