$THETA here I share from a technical perspective that theta poker has struggled to keep rising.

In this image within the blue boundaries, we can observe the recent drop of theta that brought us to approximately 1 dollar per coin. I would like to highlight in the volume the number of red bars which accumulate indicating an oversold condition in the 4-hour timeframe, which led to the price depreciating by 16%. In this scenario, I want to highlight two important aspects: 1) the number of candles accumulated for a drop of only 16%.

2) The candles by themselves did not have significant percentage movements on their own, but the sum of all these candles accounted for a 16% loss.

This indicates that in this drop, while some panicked, others bought large amounts; it can be seen because the candles do not have long bodies, which means they faced fierce buying during this entire time period despite the supply dominating in this timeframe and the price depreciating by 16%.

Now we analyze what is happening in this bullish impulse we are in.

Among the white bars, we can observe a price appreciation of more than 20% in a few candles.

Another aspect is that the buying volume compared to the volume that led to the price depreciation is considerably high, and despite the red bars, the price continued with large green bars in the volume.

Another important aspect is that there are few candles that have led to this price revaluation, which indicates volatility backed by the FOMO produced by the recent victory in the presidential elections in the USA. This entire explanation is to comment on today's price action, that is to say, the last four candles of 4 hours each.

And we can describe the following: in the volume, we see 1 green bar and 3 red bars, but the important thing is that these 3 red bars are larger and have not knocked down the price of theta, which indicates strong buying that is absorbing the selling.