With the rise of AI tokens, THETA skyrockets by 10%

Live to understand the bull market!!!

According to data from CoinGecko, as of the time of writing, the native Theta Network (THETA) token has surged over 10% in the past 24 hours.

The price of Theta increased that day due to the broader artificial intelligence sector recording upward momentum. In the past day, several AI projects and meme coins have seen their values rise as bulls aim for potentially decisive new attempts in the months ahead.

In the past 24 hours and over the past week, NEAR Protocol (NEAR), Internet Computer (ICP), RENDER (RENDER), Artificial Intelligence (FET), and Virtuals Protocol (VIRTUAL) have all trended upward. These increases have also propelled tokens like ai16z, aixbt, and Fartcoin upwards, with the AI meme sector seeing even higher returns during the same period as the AI agent market heats up.

What’s next for the Theta Network price?

THETA reached a high of $2.41, retesting resistance levels from December 24 and 25. However, the chart pattern to note is the ascending triangle. Rose Premium Signals recently shared via X that after the breakout, the price of Theta Network could rise by nearly 50%.

If the price drops, the key support level will be around $2.16, with levels below that being $1.80. Notably, THETA fell to a low of $1.76 on December 20.

Driven by overall positive sentiment, the decentralized cloud AI project Theta is facing buying pressure. Major partnerships and integrations of Theta Network, including the recent deals with the University of Oregon's Dystopia Lab and esports platform FlyQuest, may serve as catalysts.

In October of this year, Dystopia Lab announced it would utilize Theta EdgeCloud for AI research, particularly in AI model training. Meanwhile, FlyQuest stated it would collaborate with Theta to launch an AI esports chatbot.

Live to understand the bull market!!!