THETA rallies over 25% marking a strong increase from the $6.50 support zone against the USDT with the price likely to continue higher above $15.00 so let’s take a look at the latest cryptocurrency news today.
THETA started a strong rally above the $8.00 and the $10.00 resistance levels against the USDT with the price trading above $12.00 and the 100 simple moving average. There’s a key bullish trend line forming with the support near $10 on the 4-hour charts of the pair that could continue higher if it clears the $15.00 and the $15.50 resistance levels in the near-term. After forming a support base above the $6.00 and the $6.50 levels, the THETA price started a sharp increase and broke a few important hurdles close to the $10.00 to move into a solid uptrend outperforming both ETH and BTC.
The price cleared the $12.00 resistance and settled above the 100 simple moving average. The new all-time high is formed near the $14.57 and made the coin enter into the top 10 cryptos by market cap. THETA is now consolidating the gains above the $13.50 support and the 23.6% fib retracement level from the upwards move of $9.74 low to $14.57 high which is also near the $13.50 to provide more support. The next support for the coin is set at $12.20 support.
The 23.6% fib retracement level from the upwards move at the $9.74 low to $14.57 high is near the $13.50 to provide more support. The next major support is close to the $12.20 level. The bulls will likely protect the 50% fib retracement level from the upwards move at $9.74 low to $14.57 high near the $12.16 level and what’s more to it, there is a key bullish trend line forming with the support near the $10.00 on the 4-hour charts of the THETA/USD pair. On the upside, the price is facing many hurdles near the $14.50 and the $15.00 so a close above these levels could open the doors for more price increase and the price could surge towards $18.50 and the $20.00 levels.
If THETA fails to climb above the $15.00 and the $15.50 it could correct lower with the first major support being near the $12.20 and the $12.00 levels. The main support is now forming near the $10.00 zone and the trend line but another break below the $10.00 support could open the doors for another push towards $7.50 support and continue higher.
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