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Theta Token Plunges by -17.01% in the Past Month and Expected to Reach $0.680864 by September 15, 2023

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Theta Token is down -3.35% today against the US Dollar

THETA/BTC decreased by -3.28% today

THETA/ETH decreased by -3.36% today

Theta Token is currently trading 9.72% below our prediction on Sep 15, 2023

Theta Token dropped -17.01% in the last month and is down -48.58% since 1 year ago

Theta Token price: $0.614694

Theta Token prediction: $0.680864 (8.89%)

Sentiment: Bearish

Fear & Greed index: 40 (Fear)

Key support levels: $0.621016, $0.616779, $0.608303

Key resistance levels: $0.633730, $0.642206, $0.646444

THETA price is expected to rise by 8.89% in the next 5 days according to our Theta Token price prediction

Theta Token price today is trading at $0.614694 after losing -3.35% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.98% in the same time period. THETA performed poorly against BTC today and recorded a -3.28% loss against the world’s largest cryptocurrency.

According to our Theta Token price prediction, THETA is expected to reach a price of $0.680864 by Sep 15, 2023. This would represent an 8.89% price increase for THETA in the next 5 days.

Buy/Sell Theta Token

What has been going on with Theta Token in the last 30 days

Theta Token has been displaying a negative trend recently, as the coin lost -17.01% in the last 30 days. The medium-term trend for Theta Token has been bearish, with THETA dropping by -3.37% in the last 3 months. The long-term picture for Theta Token has been negative, as THETA is currently displaying a -48.58% 1-year price change. On this day last year, THETA was trading at $1.20.

Theta Token reached its all-time high price on Apr 16, 2021, when the price of THETA peaked at $16.07. The current THETA cycle high is $0.667788, while the cycle low is at $0.566355. THETA has been displaying low volatility recently – the 1-month volatility of the coin is at 7.36. Theta Token recorded 13 green days in the last 30 days.

Theta Token technical analysis for today – Sep 10, 2023

The sentiment in the Theta Token markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $0.621016, $0.616779, and $0.608303, while $0.633730, $0.642206, and $0.646444 are the key resistance levels.

Bearish sentiment for Theta Token

3 indicators are currently signaling a bullish prediction for Theta Token, while 28 indicators are showing a bearish forecast. With 90% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Theta Token.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 40 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Theta Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Theta Token is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $0.629224 (SELL) $0.625254 (SELL) ––
MA5 $0.629170 (SELL) $0.627694 (SELL) ––
MA10 $0.618776 (SELL) $0.625341 (SELL) ––
MA21 $0.625366 (SELL) $0.633739 (SELL) $0.782018 (SELL) $0.759090 (SELL)
MA50 $0.697401 (SELL) $0.674352 (SELL) $0.906805 (SELL) $1.06 (SELL)
MA100 $0.716902 (SELL) $0.730645 (SELL) $2.00 (SELL) $1.68 (SELL)
MA200 $0.861760 (SELL) $0.834400 (SELL) $2.47 (SELL) $2.01 (SELL)
Period Value Action
RSI (14) 46.98 NEUTRAL
Stoch RSI (14) 93.71 SELL
Stochastic Fast (14) 59.22 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 36.41 BUY
Awesome Oscillator (5, 34) -0.04 NEUTRAL
Momentum (10) -0.02 SELL
MACD (12, 26) 0.01 NEUTRAL
Williams Percent Range (14) -40.78 NEUTRAL
Ultimate Oscillator (7, 14, 28) 61.48 NEUTRAL
VWMA (10) 0.62 BUY
Hull Moving Average (9) 0.63 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 0.66 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Theta Token is at 46.98, suggesting that THETA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Theta Token over the last 50 days. Currently, Theta Token is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the THETA closing price for the last 200 days. THETA is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Theta Token prediction

After considering the above factors, we can conclude that the current forecast for Theta Token price prediction is Bearish. THETA would have to increase by 8.89% to hit our $0.680864 target within the next five days. Moving forward, it will be important to monitor the THETA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Theta Token price predictions click here.

Source: https://coincodex.com/article/32128/theta-token-prediction-september-10-2023/

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