$THETA is forming a bullish flag on the 4-hour time frame, indicating a potential continuation of the upward trend. The price has recently broken out of this flag pattern, suggesting a possible further rise.
However, the momentum from buyers appears to be weak at the moment. For THETA to continue its ascent and potentially reach the target price of $3.800, it needs to sustain the bullish trend. In this journey, the price must first overcome significant resistance levels between $3.370 and $3.100.
Should the buyers gain strength and push through these resistance levels, the likelihood of reaching $3.800 increases. However, the current market conditions suggest that this will require a substantial increase in buying activity and overall market support.
