🔥🔥Theta Network (THETA) is rising breathlessly: Watch out for these levels! 🔥🔥
THETA price increased by 29% in the last 24 hours, reaching $ 3.08, reaching its highest level in the last 12 months.
The popular altcoin's market value increased to $ 3.10 billion, while its 24-hour trading volume increased by 351%. Theta Network (THETA) managed to carry its price to $ 3.08 by following a strong uptrend in the last 24 hours. THETA, which received a reaction from $ 2.28 during the day, increased its market value by 25% to $ 3.10 billion. At the same time, its 24-hour trading volume increased by 351%, reaching $ 548.37 million. This strong rise has attracted great interest among investors and analysts.
THETA has made a significant increase of 29% in the last 24 hours, exceeding $2.40. By the end of the day, it has increased by 59% from $2.10 to $3 on a weekly basis. This increase is considered by analysts as the beginning of a major rally.
At this critical breaking point of the price, derivative transaction volume increased by 420%, reaching $983.06 million. In the same period, open positions increased by 75.35%, reaching $108.91 million.
Analysts predict a 348% increase for THETA
Technical analysts believe that THETA has further upside potential. According to crypto analyst World of Charts, the price is predicted to rise to $9 with the breakdown of the descending triangle formation. This indicates a 348% increase from current levels. Measurements from the base of the triangle support this positive forecast.
Javon Marks noted that THETA has reversed its bearish momentum by breaking the long-term trendline. “The steep rise and higher highs suggest that the bulls are taking control and the rally could continue to $8 in the short term,” Marks said.