THETA Coin faces short-term pressure, the $2.45 level becomes the focus!

Market Overview and Dynamics

• Current Price: $2.451, 24-hour decline of -2.51%.

• Highest Price: $2.534

• Lowest Price: $2.426

• 24-hour Trading Volume: 3.1852 million THETA, market sentiment is cautious.

Currently, THETA is trading below the short-term moving average (MA7), but still remains above MA25, indicating some short-term pressure, but the bulls have not completely withdrawn.

Technical Indicator Interpretation

1. Support and Resistance Levels:

• Support Levels: $2.41, $2.35

• Resistance Levels: $2.53, $2.60

2. RSI Indicator:

• Current RSI(6) is 43.39, indicating the market is approaching the oversold zone, with some rebound potential.

3. MACD Indicator:

• The DIF line and DEA line show a slight death cross, with short-term bearish strength dominating, but momentum is insufficient.

Short-term Trading Strategy

• Long Strategy:

• Entry Point: Around $2.41

• Target Price: $2.53, $2.60

• Stop Loss: Below $2.35

• Short Strategy:

• Entry Point: Around $2.53

• Target Price: $2.41, $2.35

• Stop Loss: Above $2.60

Potential Trends and Market Sentiment

Recently, the volatility of THETA has increased, with the key being the tussle between bulls and bears around the $2.45 level. If it can stabilize above $2.53, it may open up upward space; conversely, if it falls below $2.41, further pullback should be cautioned.

Conclusion: THETA is currently at a critical juncture, and it is recommended that investors respond flexibly to technical levels and seize opportunities in market fluctuations!

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