• Thu. May 30th, 2024

Theta Upticks 12% at the Start of the Week

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Aug 16, 2021

Theta witnesses striking gains as we start the week, THETA-USD trading at $7.93. That translates to a 12.33% surge from yesterday’s levels and an impressive rebound from the last week’s midweek plunge.

Meanwhile, on Wed, Thurs, and Fri, analysts urged investors to purchase Theta quickly to prepare for the new week with possibilities of price gains. Anyone that invested in Theta over the last few days can start witnessing returns.

Keep in mind that THETA-USD saw weekly rises over the past month. That way, it proved profitable for traders that bought at weekly lows to make money during the weekly highs. The alt appears to start this week on a bullish outlook.

Though with unpredictable movements, Theta has registered quick rebounds from its recent dips. Moreover, the asset sustains an upside trend. For now, the issue remains how long it will retain its upside movements. Meanwhile, the total crypto market seems healthy now as most coins have their values increasing since the 20 July drops. Top currencies managed to rebound from the lows. Analysts advise traders to watch projects that extended their gains, Theta being one of them.

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Will Theta Maintain Its Upside Trend

For now, analysts expect Theta to trade over the $8 mark in the sessions to come. That way, it will have its next resistance zone at $9. Meanwhile, before the 20 June plunge, Theta tested the $10 mark, peaking at around $9.97. The last time the coin traded over $10 was during the May early sessions. With the continuously improved performance, Theta has a high probability of claiming the $10 mark soon.

Keep in mind that investors focus on the $10 mark as analysts target the price level. They may sell at this zone. That would translate to bearishness for a while.  Any interested trader needs to know that.

The correct sentiments are vital for Theta to surge high. With the best developments to support higher moves, traders can follow the northwards speculations.

What are your thoughts on Theta moves? Will THETA/USD maintain its surges throughout the week? Share your views in the comment section.

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