$THETA $BTC $LINK
1. Current context:
The price broke the previous resistance near 1.70 USDT, which confirms a strong bullish momentum.
The volume has increased significantly, reinforcing the validity of the upward movement.
The trendline remains intact, showing constant higher lows, indicating that buyers are maintaining control.
2. Upcoming key zones:
Resistance:
The next significant resistance is around 2.00 - 2.10 USDT, a strong psychological level that could generate selling pressure.
Support:
In case of a correction, immediate support would be near 1.85 USDT (recent lows).
If this level fails, the trendline could act as dynamic support, around 1.75 - 1.80 USDT.
3. Technical indicators:
Moving averages (MA):
The MA 7 (red) and MA 25 (green) are separating, indicating a strong bullish trend.
Volume:
The increase in volume suggests that the current momentum still has strength, but decreasing volume in the upcoming movements could signal a pause or correction.
RSI (if available):
If the RSI is near overbought levels (>70), we could see a correction before continuing upward.
Prediction:
If the price exceeds 2.00 USDT with significant volume, the next target could be 2.10 - 2.20 USDT.
In case of a correction, we could expect a pullback towards 1.85 - 1.90 USDT before attempting new highs.
To conclude: review analysis from November 22 and 23
📈 "THETA maintains its bullish trend with a current price of $1.95. The key resistance is at $2.00, and a breakout could take us to $2.10. In case of a correction, support is at $1.85. The market continues to show strength!"
