Theta Network Price Prediction for Today, December 3 – THETA Technical Analysis

Theta Network price prediction shows THETA price is likely to break above the channel to continue its bullish move.

Theta network prediction statistical data:

• Current Theta Network Price – $1.08
• Theta Network Market Cap – $16.6 million
• Theta Network Circulating Supply – 1 Billion
• Theta Network Total Supply – 1 Billion
• Theta Network CoinMarketCap Ranking – 126th

THETA/USD Market

Main level:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.85, $0.80, $0.75

THETA/USD changed hands at $1.08 and consolidated within the channel after falling in price yesterday. If THETA price does not cross the channel, the long-term technical situation of the coin could be ruined. However, the Theta network will need to focus on a bullish move to counter the downward pressure, with its closest supporters predicting the coin could be at $0.95, which could be its daily low.

Theta Network Price Prediction: Theta Token Could Rise

Theta Network price will move back towards the upper border of the channel as a move below the moving average could cause the coin to reach support levels of $0.85, $0.80, and $0.75. However, THETA/USD is trading at $1.08 and is still trading sideways. On the positive side, a continued rise above the channel could push the price towards resistance levels of $1.25, $1.30, and $1.35 respectively.

Currently, the 9-day moving average remains above the 21-day moving average, indicating that the market may be on the rise. Looking at the daily chart, support may need to form near the 9-day MA to provide solid protection for buyers to focus on the North Korean agitation.

THETA/BTC remains above the moving average

Relative to Bitcoin, Theta Network price is hovering above its 9- and 21-day moving averages as buyers aim to push the price higher, possibly pushing up towards the upper limit of the channel.

However, if the bulls succeed in breaking the upper boundary of the channel, THETA price is likely to reach potential resistance levels above 3200 SAT. Conversely, a bearish move south could push the price towards support levels below 2200 SAT.

Theta Network Alternatives

Theta Network price continues to hold above both the 9-day and 21-day moving averages. A bullish crossover is likely to occur if the bulls intensify their efforts despite a failed attempt to break the upper boundary of the channel. The nearest resistance level is $1.20, which presents an opportunity for further upside.

Nonetheless, while the Theta network boasts a respectable market cap of $16.6 million, it is worth noting that coins with larger market caps often experience more modest gains. On the other hand, small-cap cryptocurrencies such as Bitcoin Minetrix have the potential for significant percentage growth. Even in the pre-sale phase, Bitcoin Minetrix has already secured over $4.6 million.

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