Trading insights for $THETA today👇
🔥Current Price Levels:
Current Price: $1.03, up 2.18% in the past 24 hours.
24-Hour Range: Low of $1.01, high of $1.08.
Market Cap: $1.03 billion with a volume-to-market cap ratio of 1.87%, indicating moderate liquidity.
🔥Short-Term Volatility:
Over the last 7 days, Theta is down by 10%, and it has dropped 23.1% in the past 14 days, showing significant downward pressure.
However, with a recent 2.18% uptick in 24-hour price, this could indicate potential consolidation or a minor relief rally.
🔥Long-Term Potential:
1-Year Performance: Up 36.4% over the past year, showing resilience and a good recovery from previous lows.
Historical High and Low: Theta has fallen 93.5% from its all-time high of $15.90, so while the price is low, there's room for upward movement if Theta reclaims market interest.
🤑Trading Strategy Suggestions:
Short-Term Play: Given the recent small bounce, consider a day trade if Theta surpasses the recent high of $1.08, potentially targeting $1.10–$1.12.
Accumulation Strategy: If you're considering a longer-term investment, the current price could be an opportunity to accumulate, especially if it dips back near $1.01 or slightly lower, as the price has been consolidating.
Stop-Loss Strategy: Place stop-loss orders around $0.98 to minimize losses if the price experiences more downside, given the recent drop over the past weeks.