CoinGapeNews

THETA Price Analysis: THETA 32% rally in jeopardy as immense resistance emerge at $14

THETA rallies towards all-time highs following a bounce from key support at $10.
The MACD has a bearish impulse, suggesting that THETA would correct toward the 50 SMA.
THETA is among the few double-digit gainers in the cryptocurrency market. This token has had a tremendously yielding first quarter of 2021. THETA has quickly grown from a less known cryptoasset, making it into the top ten. It has a market cap of $13 billion and is holding the eighth position in the market.
At the time of writing, THETA is exchanging hands at $13.12 after meeting acute resistance at $14. Holding above $13 will ensure that the accrued gains are not lost and guarantee stability in the market. Note that buyers have their eyes glued on $15, the current all-time high.
On the flip side, massive declines are likely to come into the picture if the token fails to hold at $13. Tentative support areas include $12 and the 50 Simple Moving Average (SMA) on the 4-hour chart.
THETA/USD 4-hour chart
Read more
THETA/USD price chart by TradingviewThe Moving Average Convergence Divergence appears to validate the correction. This is a momentum oscillator utilized in trading trends but rarely used to identify overbought and oversold conditions.
The indicator manifests on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the moving average system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish, while crossing below …
Story continues on CoinGape

Related posts
Bitcoin.comcrypto exchangeCryptocurrenciesEuropeNewspropertyReal EstateSpainSpain Cryptotokenizedtokenized assets

Domestic and Foreign Buyers Acquired a ‘Tokenized’ Apartment in a Spanish City by Paying With Ethereum

National and foreign buyers acquired a “tokenized” apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties. Transaction Was…
BitcoinBTC Trading ViewNewsNews 1Trading View

Why this retirement fund has invested in Bitcoin

New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December lThe post Why this retirement fund has invested in…
BitcoinBTC Trading ViewDeFiEthereumNewsNews 1Trading View

Bitcoin has been dropping with Ethereum, but here's why 'ETH is still outperforming BTC'

Price of Bitcoin faced a massive correction in the past few days with the crypto falling by as much as 6.7%, on 25 March, and recording a 24-hour low of $50,623.90. Moreover, the asset’s price has bThe post Bitcoin has…