Is Theta token heading to $2 after the latest breakout?

Is Theta token heading to $2 after the latest breakout?
фото показано с : coinjournal.net

2022-8-12 20:22

Theta Network offers a video streaming service akin to YouTube

The token has been under bearish pressure this year

THETA broke above the consolidation zone in a potential bullish push

Theta Network token THETA/USD has been consolidating for the last three months. The token has barely surpassed $1.462 since mid-May. It trades at $1.6 in a bullish push likely to take the token to $2.2.

Theta Network is often labeled as the YouTube of blockchain. The label is derived from the fact that it is the only blockchain for decentralized video streaming. On its website, Theta Network refers to itself as the “next generation video and entertainment blockchain.”

Whereas Theta Token has been staging recoveries, dampened crypto sentiment remains a thorn. The token has lacked momentum of its own and has predominantly been moving with the market. The latest inflation data ignited expectations of a lesser aggressive Fed. The data is boosting cryptocurrencies, and THETA may not be an exception. A break above $1.45 is a bull call, but investors must remain cautious.

Theta token turns resistance into support in a bullish push

Source – TradingView

Theta token has turned the $1.45 resistance into new support. The token is now sliding to test the support before making the next move. 

The crossover of the 21-day MA above the 50-day MA is an indication of THETA bullishness. Both moving averages remain below the current price and offer support. The MACD indicator also remains bullish on THETA. 

Concluding thoughts

Investors should watch $1.45 for price action as the Theta token could begin a bullish reversal.

If THETA retests and starts reversal at $1.45, the next price is $2.2, the level lastly traded in May. However, we need to be aware of the overall crypto sentiment, which has largely driven the Theta token.

The post Is Theta token heading to $2 after the latest breakout? appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

token theta breakout latest heading coinjournal video

Источник: coinjournal.net

token theta → Результатов: 40


Entering the era of decentralized video streaming with Theta Network

On the heels of new partnerships, the Theta ecosystem continues to expand, attracting new video content distributors, creators, and users.   Leveraging a next-generation end-to-end infrastructure for decentralized streaming, Theta enables media and entertainment companies to improve video delivery at lower costs, while expanding their reach–boosting views and user engagement through token incentives.

2022-2-2 19:00


The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week

The biggest altcoin gainers are: Chiliz (CHZ) – 146% Enjin Coin (ENJ) – 106% Theta Fuel (TFUEL) – 92% Decentraland (MANA) 57.3% THETA (THETA) – 48% NEM (XEM) – 45% Basic Attention Token (BAT) – 43% Chiliz (CHZ) CHZ was the biggest gainer from last week, increasing by a massive 377% over the past nine … Continued The post The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week appeared first on BeInCrypto.

2021-3-5 15:37


Фото:

Korea’s Ludena Joins Forces with Theta (THETA) for Ecosystem Expansion

Ludena Protocol, a South Korean distributed ledger technology (DLT) powered gaming ecosystem, has joined forces with Theta (THETA), a decentralized video streaming platform. The deal will see the integration of Ludena’s decentralized application (dApp), GameTalkTalk into Theta, while the latter will reward users of the app with TFUEL token for their participation on the platform,Read MoreRead More.

2020-7-30 17:07


Theta Token Price Analysis THETA / USD: Bulls Peeking Out

THETA remains technically bearish over both the short-term and the medium-term  The four-hour time is showing a valid bearish head and shoulders pattern But the daily time frame shows a huge bullish reversal pattern THETA is on the rise in early week trading, as the increasingly popular cryptocurrency attempts to stage a bullish breakout above […] The post Theta Token Price Analysis THETA / USD: Bulls Peeking Out appeared first on Crypto Briefing.

2019-10-22 18:24


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top NFT platform coins to invest in before 2022 ends

Flow (FLOW/USD), Theta Network (THETA/USD), and Tezos (XTZ/USD) are some of the largest platforms for the creation and minting of non-fungible tokens (NFTs).   The Japanese gaming Giant Square Enix invested 7 billion yen ($52.

Is there hope for Theta token as the year comes to an end?

Theta token has lost 94% of its value from its ATH The cryptocurrency was rejected at the $1 resistance and is correcting THETA could end the year below $1 if a breakout does not occur at the crucial resistance All cryptocurrencies are in tatters, at least for now.

Top altcoins to watch in November

October was a strong month for Bitcoin and other altcoins as their prices rebounded.  Ethereum, the biggest altcoin, rose from about $1,200 and reached a high of $1,600 in October. This recovery was helped by the rising hopes that the Federal Reserve will start pivoting.