Key Reasons Why Theta Price May Prolong Recovery By 50%

A$THETA Price breakout from the neckline of an inverted head and shoulder pattern indicates a potential rally beyond $2.

Data from Coinglass shows that Theta Futures Open Interest witnessed a 137% increase, highlighting strong market confidence.

The intraday trading volume in Theta is $231.9 Billion, indicating a 401% gain.

Theta Price: The crypto market witnessed a renewed recovery force as the Bitcoin price rebounded from the $50600 support last weekend. The positive turnaround propelled several altcoins back to recovery sentiment including Theta. The coin price surged from $1.17 to $1.66 within three days to register 42% growth, the recent price breached the resistance trendline of inverted head and shoulder pattern indicating the asset is poised for further growth.

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