Market overview
THETA price has shown signs of strengthening, bouncing off key support levels. These include the horizontal support zone and trend line, which provided the basis for this bounce.
Graph analysis
The chart shows that after the rebound, THETA encountered resistance at the trend line. To confirm the bullish trend, the price must break this trend line and successfully test it again. If the retest is successful, this may indicate further upward movement.
Price dynamics
If price fails to break the current resistance at the trendline, the horizontal support level below may offer a good entry point for those looking for a possible recovery.
Final thought
The next sessions will be critical for THETA: a break above the trendline resistance could open the way for a sustained rally. Otherwise, if this level fails to be broken, the price could test the horizontal support level again.
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