"THETA/USDT: 2.48% Recovery Amid Oversold Conditions"
$THETA
{spot}(THETAUSDT)
/USDT has gained 2.48%, trading at $2.106 after bouncing off a 24-hour low of $2.000. The price remains under pressure following a drop from a high of $2.394, signaling a cautious rebound. The RSI at 20.31 indicates oversold territory, suggesting the potential for a recovery. Meanwhile, the MACD shows minimal momentum, reflecting a consolidating market.
Resistance lies at $2.20, with a breakout potentially pushing the price toward $2.35. Strong support at $2.00 remains critical to maintain stability. Traders should closely monitor market sentiment and volume activity for a decisive move while applying risk management with appropriate stop-loss levels.
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