Theta (THETA) is showing signs of breaking its downtrend according to the latest technical analysis. The chart highlights key support and resistance levels along with potential price targets.

Support Levels: The current support level for Theta is around 1.400. This level serves as a crucial point where buyers step in, preventing further price declines.Resistance Level: The primary resistance level is set at 2.5323. Reaching this level means Theta may face significant selling pressure once again.Price Target: The target price for Theta is 2.5323. This target is based on the assumption that the price will continue its upward movement after breaking the downtrend line.Trend Line: The yellow downtrend line on the chart indicates Theta's prolonged downward movement. Breaking this trend line could signal the beginning of a new upward trend.
The technical outlook for Theta is promising, as it appears ready to capitalize on the support levels and push towards the resistance level. This movement could indicate a strong upward momentum.
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