Can Theta Network (THETA) Show 400% Return?
Historically, the THETA had displayed a run of more than 300% earlier in the first quarter of 2024, which peaked at $3.82. In the second quarter, it followed a downtrend by profit bookers, which extended in the third quarter with a recent BTC decline; it has been back to the $0.90 demand zone.
Despite, the massive declines in most of the other crypto globally with BTC impacting. The THETA had been the lowest to drop amid the BTC crash landing. The THETA in the past week dropped 35.84% and has been at a possibly promising accumulation level, which has been a historically proven level.
If the price shows a bullish price action, then accumulation for this crypto could be promising for the investors for an upthrust to the $4.5 mark. With probable interruption at $1.80, $2.50, and $3.50 respectively.
Trade ideas
THETA looks ready to sweep highs and drop roughly 25%THETA price appears to be bullish
Depending on the sweep of the local high at $10.6, Theta token could either go up or down.
Considering the state of the market, there's a high probability THETA will head lower.
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DYOR
Not Financial Advice (FA)
THETA price climbs up the curve towards $10, might see pullback In the early hours it resumed yesterday's bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Currently it strikes at $8.79 on a bearish candle. Further, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50. RSI set near 44, highly recessive.
The resistance level is $ 9.470
The support level is $ 9.075









