Theta Network (THETA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Decentralized Finance has gained 20.77% to $3.32.
Moderately Volatile
InvestorsObserver gives Theta Network a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
THETA’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Theta Network price is trading above resistance. With support around $2.49 and resistance around $3.19. This positions Theta Network out of range and potentially in a volatile position if the rally burns out.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter