Theta Network Price Prediction 2021 – Will THETA Hit $14.4 Soon?
Theta is a decentralized video delivery network that allows users to enjoy high-quality videos on any device. Theta’s roadmap includes the launch of its public testnet in Q3 2018, with full release coming in Q4 2018.
The theta network price prediction 2025 is the most recent forecast. It predicts that THETA will hit $14.4 soon.
The range of bullish THETA price predictions is $6.6 to $13.4.
THETA’s price may soon hit $14.4.
The price estimate for the THETA negative market in 2021 is $3.57.
We utilize data, price trends, ADX, and other information about THETA to evaluate the cryptocurrency’s future movement in Theta Network (THETA) price forecast 2021.
THETA is a blockchain-based network that was created with video streaming in mind. Furthermore, the Theta mainnet, which was released in March 2019, is a decentralized network in which users share bandwidth and computational resources on a peer-to-peer (P2P) basis.
At the time of writing, the THETA price was $5.91, with a 24-hour trading volume of $312,681,232, according to CoinGecko. THETA, on the other hand, has dropped by 3.8 percent in the past 24 hours.
THETA also has a circulation supply of 1.00 billion THETA. THETA is currently traded on Binance, Huobi Global, OKEx, FTX, and Upbit, among other cryptocurrency exchanges.
Price Prediction for Theta Network (THETA) in 2021
Theta Network (THETA) is currently ranked 20th on CoinGecko. The price of THETA coin in 2021 is forecasted using a daily time period, as shown below.
Daily Time Frame THETA/USDT Price Chart (Source: TradingView)
The price movement that happens between the upward and downward trendlines is known as the descending channel trend. This price trend is also characterized by lower highs and lows.
If the bullish trend continues, the THETA may hit $13.4 on the daily time frame chart. Otherwise, if the THETA price breaks through the $11.02 resistance level, it will fall to the $5.36 support level. As a result, the THETA’s trend is predicated on the breakout.
Support and Resistance Levels in THETA
THETA’s support and resistance levels are shown in the chart below.
Support and Resistance Levels in THETA/USDT (Source: TradingView)
The resistance and support levels of THETA are clearly visible in the above daily time period.
$6.6 is the first level of resistance.
$10.15 – Level 2 Resistance
$14.4 is the third level of resistance.
Level 1 Support – $3.57
Level 2 Support – $2.58
$1.62 for Level 3 Support
THETA has been on a bullish trend for the last month, according to the charts. If the current trend continues, THETA may catch up with the bulls and break over its resistance level at $14.4.
In the event that investors turn against cryptocurrency, the price of THETA may drop to nearly $3.57, indicating a negative indication.
THETA ADVANCED DIFFERENTIAL INDEX (ADX)
Let’s take a look at THETA’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line.
The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators.
The ADX of THETA remains above the range of 19.38 in the preceding chart, indicating a weak trend.
The THETA is one of the few cryptos that has managed to hold its ground in a negative market. In addition, our THETA price forecast for 2021 is optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $15.72. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the THETA ecosystem may have a bright future ahead of it in 2021, thanks to continuing improvements and enhancements. If investors have anticipated that THETA is a solid investment in 2021, it may hit $13.4 shortly, and it may even achieve great heights, reaching $14.40.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Frequently Asked Questions
Will THETA go to $100?
THETA is currently trading at $3.14, so its unlikely that it will go to $100.