PART II " These 4 Cryptos Could Drop to New Lows in August 2023 "
-Theta Network (THETA) : Most recently, THETA prices were rejected on July 24th. This rejection is worrying because the price is trading slightly above the horizontal support area of US$ 0.60. If THETA is broken out of this area, the price could quickly fall to US$0.34, a 55% decrease measured from the current price.
However, despite this bearish THETA price prediction, a break of the descending resistance line is likely to lead to a 100% upside, taking the price to US$ 1.50.
- Curve DAO (CRV) : The price of CRV has been increasing along with the support line rising since November 2022. The support line has caused many bounces so far.
The breakdown could have been triggered by fears of liquidating CRV founder Michael Egorov's loans.
