The Theta Network price prediction reveals that the THETA price is likely to cross above the channel to continue the bullish movement.

Theta Network Prediction Statistics Data:

• Theta Network price now – $1.08
• Theta Network market cap – $16.6 million
• Theta Network circulating supply – 1 billion
• Theta Network total supply – 1 billion
• Theta Network CoinMarketCap ranking – #126

THETA/USD Market

Key Levels:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.85, $0.80, $0.75

THETA/USD is changing hands at $1.08 after the price dropped off yesterday and consolidating within the channel. The THETA price not crossing above the channel could ruin the long-term technical picture of the coin. However, Theta Network will have to focus on the bullish movement to guide against the downward pressure, while the closest support expects the coin at $0.95, which could be the daily low.

Theta Network Price Prediction: The Theta Token May Move Upward

The Theta Network price regains back toward the upper boundary of the channel because any movement below the moving averages may bring the coin to the support levels of $0.85, $0.80, and $0.75. However, THETA/USD is trading at $1.08, and still moving sideways. On the upside, a sustained move above the channel may push the price to the resistance levels of $1.25, $1.30, and $1.35 respectively.

At the moment, the 9-day MA remains above the 21-day MA, which indicates that the market may shoot to the upside. Looking at the daily chart, there may be a need for support to be formed around 9-day MA to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

THETA/BTC Remains Above the Moving Averages

Against Bitcoin, the Theta Network price is hovering above the 9-day and 21-day moving averages as the buyers aim to push the price to the upside and could rise toward the upper boundary of the channel.

However, if the bulls succeed in breaking above the upper boundary of the channel, the THETA price may likely hit the potential resistance level at 3200 SAT and above. On the contrary, any bearish movement to the south could bring the price to the support level of 2200 SAT and below.

Theta Network Alternatives

The Theta Network price continues to hold above both the 9-day and 21-day moving averages. Despite unsuccessful attempts to breach the upper boundary of the channel, there’s potential for a bullish crossover if bulls intensify their efforts. The nearest resistance level stands at $1.20, presenting an opportunity for further upward movement.

Nonetheless, while Theta Network boasts a substantial market cap of $16.6 million, it’s worth noting that coins with larger market caps often experience more modest gains. On the other side, low-cap cryptocurrencies, such as Bitcoin Minetrix, hold the potential for substantial percentage increases. Even in its presale phase, Bitcoin Minetrix has already secured over $4.6 million.

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• Source: https://insidebitcoins.com/news/theta-network-price-prediction-for-today-december-3-theta-technical-analysis