THETAUSDT inverted head and shoulder pattern and bullishTechnical Analysis:
- The current price of THETA is $1.4094 with a 24-hour price change of +8.74% and a 7-day price change of +16.92%.
- The BOLL support price is $1.3374 and the BOLL resistance price is $1.5013.
- Backtesting within the last 7 days shows a bearish MACD pattern with a death cross occurring 6 times. The accuracy of this pattern is 33.33%.
- There are no specific patterns observed in RSI, BOLL, and KDJ indicators within the last 7 days.
- Backtesting within the last 30 days shows no specific patterns in MACD, RSI, BOLL, and KDJ indicators.
Fundamental Analysis:
- Theta (THETA) is a blockchain-powered network designed for video streaming, aiming to disrupt the industry's current challenges such as centralization, poor infrastructure, and high costs.
- Theta features its own native cryptocurrency token, THETA, which performs governance tasks within the network.
- The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
- Theta has notable enterprise validators like Google, Binance, Sony Europe, and Samsung, along with a Guardian network of community-run guardian nodes.
- The market cap of Theta is $1,394,229,082 with a total token supply of 1,000,000,000 and a circulation supply of 1,000,000,000.
