🤔 Why is Theta Network ($THETA ) Price UP?

Theta Network (THETA) is turning heads with a big price jump, now trading at $2.88 after a 25% increase in just one day! Everyone’s wondering what’s behind this exciting surge. In this THETA price prediction article, we’ll look at what’s driving THETA’s rise and what it could mean for the future.

How has the Theta Network (THETA) Price Moved Recently?

The current price of Theta Token (THETA) is $2.88, with a 24-hour trading volume of $1.82 billion, a market cap of $2.49 billion, and a market dominance of 0.07%. Over the past 24 hours, THETA's price has surged by 24.68%.

Theta price reached its all-time high of $16.07 on April 16, 2021, while its all-time low was recorded on March 13, 2020, at just $0.038956. Since its peak, the lowest price THETA hit was $0.562497 during a market cycle, with a subsequent cycle high of $3.80. Currently, the price sentiment for Theta Token is bullish, as indicated by a Fear & Greed Index score of 81, signaling "Extreme Greed."The circulating supply of Theta Token stands at 870.50 million THETA, out of a maximum supply of 1 billion THETA.

🔸 Why is Theta Network (#THETA ) Price UP?

The surge in Theta Network's (THETA) price can be attributed to several bullish factors that reflect both strong technical patterns and the growing adoption of its ecosystem. Analysts and market data highlight that THETA is emerging from a textbook "Bump & Run Bull Reversal Pattern," signaling a potential reversal of bearish momentum and positioning it for significant upward movement.

This technical setup has encouraged a shift in market sentiment, driving Theta price prediction past critical resistance levels at $2.40 and $2.50, solidifying a strong uptrend.

The rapid scaling of the Theta ecosystem further reinforces this rally. As a leading provider of decentralized cloud infrastructure for AI, media, and entertainment, Theta has attracted high-profile partnerships and use cases.