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{"id":459410,"date":"2021-03-24T07:18:17","date_gmt":"2021-03-24T07:18:17","guid":{"rendered":"https:\/\/ktsl888.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:\/\/ktsl888.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

\n
THETA started a strong rally above the $8.00 and $10.00 resistance levels against the TetherUS.<\/li>\n
The price is trading nicely above $12.00 and the 100 simple moving average (4-hours).<\/li>\n
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).<\/li>\n
The pair is likely to continue higher if it clears the $15.00 and $15.50 resistance levels in the near term.<\/li>\n<\/ul>\n
THETA Enters Top 10<\/h2>\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
$\"THETA$ <\/a><\/p>\n
Source: THETAUSDT on TradingView.com<\/a><\/pre>\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
Dips Supported?<\/h2>\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":"\nCharted: THETA Rallies To Enter Top 10, Why It Could Test $20<\/title>\n<meta name=\"description\" content=\"THETA started a strong increase from the $6.50 support zone against the TetherUS. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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