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Theta Network Price Prediction for Today, November 1 – THETA Technical Analysis

November 2, 2023
in Bitcoin
Reading Time: 4 mins read
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Theta Community value prediction exhibits that THETA strikes to the upside as any shut above the $0.130 value mark is anticipated.

Theta Community Prediction Statistics Knowledge:

Theta Community value now – $0.126
Theta Community market cap – $768.7 million
Theta Community circulating provide – 1 billion
Theta Community complete provide – 1 billion
Theta Community Coinmarketcap rating – #54

THETA/USD Market

Key Ranges:

Resistance ranges: $0.90, $0.95, $1.00

Help ranges: $0.60, $0.55, $0.50

THETAUSD – Day by day Chart

THETA/USD is seen buying and selling at $0.73 after recording an intraday excessive at $0.83 in the course of the European session at this time. Wanting on the day by day chart, Theta Community (THETA) is heading towards the upside because the coin spikes above the higher boundary of the channel.

Theta Community Value Prediction: THETA Heads to the Upside

Theta Community value has been ranging inside the channel for the previous few weeks because the coin hovers across the $0.73 degree. Within the meantime, Theta Community value could cross above the higher boundary of the channel to the touch the closest resistance at $0.80.

In the meantime, Theta Community value could proceed to do properly if the bulls enhance the strain, the value might hit the resistance ranges at $0.90, $0.95, and $1.00 respectively. Quite the opposite, if the coin decides to make a fast flip to the south, there could also be a bearish motion towards the decrease boundary of the channel and the bearish drop might contact the help ranges of $0.60, $0.55, and $0.50.

THETA/BTC Trades Bullishly

In opposition to Bitcoin, Theta Community value is presently hovering above the 9-day and 21-day shifting averages. The market value could give attention to upward motion if the coin touches the resistance degree of 2400 SAT. In the meantime, THETA/BTC is presently buying and selling at 2165 SAT as the following key resistance could come to be at 2600 SAT and above.

Theta Network Price Prediction for Today, November 1 – THETA Technical Analysis
THETABTC – Day by day Chart

On the draw back, a doable bearish motion beneath the 9-day and 21-day shifting averages comes into play, when that is executed, the help degree of 1700 SAT and beneath might be visited. In the meantime, the market could proceed to have a bullish day if the 9-day MA crosses above the 21-day MA to substantiate the bullish motion.

Theta Options

Theta Community value is seen shifting from $0.72 to the cross above the resistance degree of $0.82 in a matter of hours and touching an intraday excessive at $0.83. Whereas the coin is seen barely retreating beneath this degree, the pair retains bearish momentum. Furthermore, the Theta value is presently buying and selling at $0.73 in a day by day uptrend which might type a bear flag in the long run.

Nonetheless, the Bitcoin Minetrix is completely positioned to catch the upturn not solely in a normal sense but additionally on the degree of Bitcoin protocol fundamentals, specifically mining. In the meantime, the token has achieved over $3.0 million within the ongoing presale.

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