Comprehensive Theta Network (THETA) Analysis with Latest Data from CoinGecko
1. Latest Data from CoinGecko
• Current price: $1.23
• Market capitalization: $1.23 billion USD
• 24h trading volume: $18.71 million USD
• 24h high: $1.23
• 24h Low: $1.18
• 24h price increase: +2.15%
• Circulating Supply: 1,000,000,000 THETA (Maximum Total Supply)
• All-time high (ATH): $15.72 (down 92.21% from ATH)
• All Time Low (ATL): $0.0404 (up 2929.65% from ATL)
2. Get News Updates from Primary Sources
1. Investing:
• Theta Network is gaining traction thanks to its decentralized streaming platform. Investors are closely watching Theta's new partnerships, as well as the expansion of THETA token usage in video applications and NFTs.
2. Bloomberg & Reuters:
• Theta has recently announced a series of new strategic partners, including major companies in the technology and media industries, which helps boost confidence in the long-term growth of the project. Reports from Bloomberg and Reuters show that Theta is continuing to expand its ecosystem.
3. Reddit:
• On Reddit, the Theta community is very active with many discussions about the potential for THETA to increase in price as the crypto market recovers. There are predictions that THETA could rise again if the project continues to develop strategic partnerships and increase platform usage.
3. Comprehensive Analysis According to Stocknai
Qualitative Analysis
• Market Factors: Theta Network is a pioneer project in the field of decentralized streaming and has a lot of potential thanks to the development of the video technology industry and NFT. The participation of major partners is also a big plus for the project.
• Industry Analysis: The online video and NFT markets are growing rapidly, and Theta Network is strongly positioned to provide decentralized infrastructure for these industries.
Quantitative Analysis
• Market Capitalization: With a market capitalization of over $1 billion, Theta still holds a significant position in the cryptocurrency market, ranking 65th in the capitalization rankings.
• Trading Volume: The trading volume in the last 24 hours is $18.71 million, showing steady interest from investors.
Technical Analysis
• MA (Moving Average): THETA's current price is close to the short-term MA lines, which suggests that the short-term trend may be leveling off before deciding on the next direction.
• RSI (Relative Strength Index): The current RSI is in the neutral zone, which shows that the market has no signs of overbought or oversold, suitable for monitoring other technical signals.
• MACD (Moving Average Convergence Divergence): The MACD recently crossed above the signal line, suggesting that a bullish momentum may be forming.
Volume Analysis
• Trading volume: Although the trading volume is not too high, it shows stability and has the potential to create volatility when there are new triggers from the market or positive news.
4. Investment Recommendations
• Upside Probability: Based on qualitative, quantitative and technical factors, the upside probability of THETA in the short term is around 65-70%.
• Investment strategy:
• If already in: Consider holding the current position and watching the near resistance levels at $1.25 and $1.30. Place a reasonable stop loss below the support level at $1.18 to protect capital.
• If not yet entered: Consider entering if price breaks above $1.25 resistance with increased volume, or wait for a correction near $1.18 to buy in anticipation of a recovery.
5. Conclusion
Theta Network is currently in a stable development phase with support from major partners and ecosystem expansion. However, investors should closely monitor market signals and manage risks closely to optimize profits. THETA's price recovery will depend on the continued bullish momentum of the cryptocurrency market and the continued development of the project.
