Theta Network Price Prediction for Today, December 3 – THETA Technical Analysis

The Theta Community value prediction reveals that the THETA value is prone to cross above the channel to proceed the bullish motion.

Theta Community Prediction Statistics Information:

Theta Community value now – $1.08
Theta Community market cap – $16.6 million
Theta Community circulating provide – 1 billion
Theta Community whole provide – 1 billion
Theta Community CoinMarketCap rating – #126

THETA/USD Market

Key Ranges:

Resistance ranges: $1.25, $1.30, $1.35

Help ranges: $0.85, $0.80, $0.75

THETA/USD is altering arms at $1.08 after the value dropped off yesterday and consolidating inside the channel. The THETA value not crossing above the channel might break the long-term technical image of the coin. Nevertheless, Theta Community should deal with the bullish motion to information in opposition to the downward stress, whereas the closest assist expects the coin at $0.95, which might be the every day low.

Theta Community Worth Prediction: The Theta Token Could Transfer Upward

The Theta Community value regains again towards the higher boundary of the channel as a result of any motion beneath the transferring averages could deliver the coin to the assist ranges of $0.85, $0.80, and $0.75. Nevertheless, THETA/USD is buying and selling at $1.08, and nonetheless transferring sideways. On the upside, a sustained transfer above the channel could push the value to the resistance ranges of $1.25, $1.30, and $1.35 respectively.

For the time being, the 9-day MA stays above the 21-day MA, which signifies that the market could shoot to the upside. Trying on the every day chart, there could also be a necessity for assist to be fashioned round 9-day MA to offer tight safety which might enable the consumers to focus on stirring motion to the north.

THETA/BTC Stays Above the Transferring Averages

Towards Bitcoin, the Theta Community value is hovering above the 9-day and 21-day transferring averages because the consumers goal to push the value to the upside and will rise towards the higher boundary of the channel.

Nevertheless, if the bulls reach breaking above the higher boundary of the channel, the THETA value could doubtless hit the potential resistance stage at 3200 SAT and above. Quite the opposite, any bearish motion to the south might deliver the value to the assist stage of 2200 SAT and beneath.

Theta Community Options

The Theta Community value continues to carry above each the 9-day and 21-day transferring averages. Regardless of unsuccessful makes an attempt to breach the higher boundary of the channel, there’s potential for a bullish crossover if bulls intensify their efforts. The closest resistance stage stands at $1.20, presenting a possibility for additional upward motion.

Nonetheless, whereas Theta Community boasts a considerable market cap of $16.6 million, it’s price noting that cash with bigger market caps usually expertise extra modest positive aspects. On the opposite aspect, low-cap cryptocurrencies, reminiscent of Bitcoin Minetrix, maintain the potential for substantial share will increase. Even in its presale section, Bitcoin Minetrix has already secured over $4.6 million.

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