{"id":459410,"date":"2021-03-24T07:18:17","date_gmt":"2021-03-24T07:18:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=459410"},"modified":"2024-06-11T13:19:35","modified_gmt":"2024-06-11T13:19:35","slug":"theta-rallies-to-enter-top-10","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/theta-rallies-to-enter-top-10\/","title":{"rendered":"Charted: THETA Rallies To Enter Top 10, Why It Could Test $20"},"content":{"rendered":"
THETA started a strong increase from the $6.50 support zone against the TetherUS. The price is now up over 25% and it is likely to continue higher above $15.00.<\/em><\/p>\n After forming a support base above the $6.00 and $6.50 levels, THETA price started a sharp increase. It broke a couple of important hurdles near $10.00 to move into a solid uptrend, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n The price even cleared the $12.00 resistance and settled above the 100 simple moving average (4-hours). A new all-time high is formed near $14.57 and it has entered the top 10 cryptos by market cap. THETA is currently consolidating gains above the $13.50 support.<\/p>\n The 23.6% Fib retracement level of the upward move from the $9.74 low to $14.57 high is also near $13.50 to provide support. The next major support is near the $12.20 level.<\/p>\n <\/a><\/p>\n The bulls are likely to protect the 50% Fib retracement level of the upward move from the $9.74 low to $14.57 high near $12.16 level. Moreover, there is a key bullish trend line forming with support near $10.00 on the 4-hours chart of the THETA \/USD pair.<\/p>\n On the upside, the price is facing hurdles near $14.50 and $15.00. A close above the $15.00 level could open the doors for another increase and the price might surge towards the $18.50 and $20.00 levels.<\/p>\n If THETA price fails to climb above $15.00 or $15.50, it could correct lower. The first major support is near the $12.20 and $12.00 levels.<\/p>\n The main support is now forming near the $10.00 zone and the trend line. A downside break below the $10.00 support might open the doors for a push towards the $7.50 support.<\/p>\n Technical Indicators<\/p>\n 4-Hours MACD \u2013 The MACD for THETA\/USD is gaining momentum in the bullish zone.<\/p>\n 4-Hours RSI (Relative Strength Index) \u2013 The RSI for THETA\/USD is well above the 60 level.<\/p>\n Major Support Levels \u2013 $12.20, $12.00 and $10.00.<\/p>\n Major Resistance Levels \u2013 $14.50, $15.00 and $20.00.<\/p>\n","protected":false},"excerpt":{"rendered":" THETA started a strong increase from the $6.50 support zone against the TetherUS. The price is now up over 25% and it is likely to continue higher above $15.00. THETA started a strong rally above the $8.00 and $10.00 resistance levels against the TetherUS. The price is trading nicely above $12.00 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $10.00 on the 4-hours chart of the THETA\/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $15.00 and $15.50 resistance levels in the near term. THETA Enters Top 10 After forming a support base above the $6.00 and $6.50 levels, THETA price started a sharp increase. It broke a couple of important hurdles near $10.00 to move into a solid uptrend, outperforming bitcoin and ethereum. The price even cleared the $12.00 resistance and settled above the 100 simple moving average (4-hours). A new all-time high is formed near $14.57 and it has entered the top 10 cryptos by market cap. THETA is currently consolidating gains above the $13.50 support. The 23.6% Fib retracement level of the upward move from the $9.74 low to $14.57 high is also near $13.50 to provide support. The next major support is near the $12.20 level. Source: THETAUSDT on TradingView.com The bulls are likely to protect the 50% Fib retracement level of the upward move from the $9.74 low to $14.57 high near $12.16 level. Moreover, there is a key bullish trend line forming with support near $10.00 on the 4-hours chart of the THETA \/USD pair. On the upside, the price is facing hurdles near $14.50 and $15.00. A close above the $15.00 level could open the doors for another increase and the price might surge towards the $18.50 and $20.00 levels. Dips Supported? If THETA price fails to climb above $15.00 or $15.50, it could correct lower. The first major support is near the $12.20 and $12.00 levels. The main support is now forming near the $10.00 zone and the trend line. A downside break below the $10.00 support might open the doors for a push towards the $7.50 support. Technical Indicators 4-Hours MACD \u2013 The MACD for THETA\/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for THETA\/USD is well above the 60 level. Major Support Levels \u2013 $12.20, $12.00 and $10.00. Major Resistance Levels \u2013 $14.50, $15.00 and $20.00.<\/p>\n","protected":false},"author":67,"featured_media":459412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[27142,79490,79514,79489],"class_list":["post-459410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-theta","tag-thetabtc","tag-thetausd","tag-thetausdt"],"acf":[],"yoast_head":"\n\n
THETA Enters Top 10<\/h2>\n
Source: THETAUSDT on TradingView.com<\/a><\/pre>\n
Dips Supported?<\/h2>\n