- THETA coin price bounced from $8.15 to $10.96 on Wednesday’s trading session
- The 24-hour volume in THETA is at $368,795,562 with a 31.50% decrease
- The THETA/BTC pair was trading at 0.0002020 with a 2.75% of loss
The 4-hour technical chart of the THETA coin price forecasts an uptrend. According to pivot points, THETA’s critical support level is placed at $8.15. Whereas if it moves up, the key resistance level to watch is $14.55. While diving into the monthly chart of a 4-hour time frame, it completes a bearish shooting star candlestick pattern representing bearish reversal with low reliability.
EMA- (20,50) acts as another strong support in the coin. EMA-20 (blue) gave a golden crossover above EMA-50 (purple), which projects a positive trend. After breaking above the price also gave a test on the EMA-50 (purple). Investors should wait for the price to give two tests at least to enter the trade.
RSI indicator (BULLISH), with a value of 55, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 66 to 55 in the index, which may surge in future trading sessions.
The volume of (464.39K) is below the Volume MA (512.45K) of 20-days. Emerging red volume bars can be observed below volume ma of 20-days to pull down the price. High buying pressure is lost in THETA to drive its price to higher levels.
THETA Coin Price Action Requires Buying Pressure
THETA coin price traded at $10.96 with a loss of 3.60% in the last 24-hour and 8.98% up in the weekly time frame. Furthermore, THETA coin price bounced from the support of $8.15. In contrast, the market capitalization stands at $369 million. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $14.55 in future trading sessions.
Resistance: $14.55
Support: $8.15