$THETA

THETA/USDT Technical Analysis: Key Support and Resistance Levels

At the current price of $2.397, THETA/USDT is testing crucial support and resistance levels. The price is currently hovering just above the strong support zone at $2.35, which has been a consistent level for bulls to step in. If this support holds, we could see a potential bounce back toward the $2.50 resistance level, which has proven to be a strong barrier in recent price action.

A breakout above $2.50 could signal further upward momentum, possibly targeting the next resistance at $2.65. However, if THETA fails to hold the support at $2.35, the next support levels lie at $2.20 and $2.10, where more buying interest could emerge.

Entry Strategy:

Bullish Entry: If THETA breaks above $2.50 with strong volume, a long position could be considered with targets at $2.60 and $2.65.

Bearish Entry: If the price falls below $2.35, a short position could be taken with targets at $2.20 or $2.10.

Watch for volume and price action around these key levels, as they will help confirm the market's next move. Stay nimble and trade with caution!

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