THETA has taken support from a crucial level.
The pair of THETA/USDT is trading at the price level of $0.758 with a gain of 1.00% in the past 24 hours.
Bullish actions were seen in previous sessions after hitting the support level twice. Theta Network (THETA), a blockchain-powered peer-to-peer video distribution system, saw a huge price drop during the crypto market crisis. Following a 52-week low of $0.706, the cryptocurrency is showing signs of recovery.
THETA to continue this bullish momentum?
Source: TradingView
The overall outlook for the cryptocurrency is bearish, with token forming lower highs and lower lows. THETA token is now trading at $0.758 on the daily chart, up 1.00% in the last 24 hours. Token is now trading below its 50 and 200 EMA moving averages. (Red line is 50 EMA and the blue line is 200 EMA). It has been trading below these Moving Averages for a long time and is encountering resistance around them. On the daily chart, we can see that the price is being rejected,
We współpracy z: https://www.thecoinrepublic.com/2023/01/10/theta-technical-analysis-after-hitting-the-support-level-twice-are-bulls-ready-to-take-command/
