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4 months ago
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ARTICLE AD BOX
- Bullish THETA price prediction for 2024 is $1.8493 to $3.5111.
- Theta Network (THETA) price might reach $5 soon.
- Bearish THETA price prediction for 2024 is $0.5662.
In this Theta Network (THETA) price prediction 2024, 2025-2030, we will analyze the price patterns of THETA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
THETA NETWORK (THETA) PRICE PREDICTION 2024 |
|
| THETA NETWORK (THETA) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Theta Network (THETA) Current Market Status
| Current Price | $1.62 | 24 – Hour Price Change | 4.68% Up |
| 24 – Hour Trading Volume | $24,030,912 |
| Market Cap | />$1,620,746,936 |
| Circulating Supply | 1,000,000,000 THETA | All – Time High | $15.90 (On April 16, 2021) |
| All – Time Low | $0.03977 (On Mar 13, 2020) |
What is Theta Network (THETA)
| TICKER | THETA |
| BLOCKCHAIN | Ethereum Blockchain |
| CATEGORY | Layer-2 scaling solution |
| LAUNCHED ON | November 2021 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
Theta Network (THETA) is a decentralized video streaming platform leveraging blockchain technology to enhance content delivery. Founded by Mitch Liu and Jieyi Long, Theta aims to improve streaming quality, reduce costs, and provide a fair revenue model for creators. It operates with two native tokens: THETA for governance and TFUEL for transaction fees. Utilizing peer-to-peer (P2P) bandwidth sharing, Theta reduces the need for centralized servers, enhancing efficiency. Strategic partnerships, including with Samsung and Google, bolster its ecosystem. Theta’s innovative approach addresses critical issues in traditional streaming services, making it a significant player in the blockchain and entertainment industries.
Theta Network 24H Technicals
(Source: TradingView)
Theta Network (THETA) Price Prediction 2024
Theta Network (THETA) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the Theta Network price prediction for 2024 is explained below with a daily time frame.
THETA/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Theta Network (THETA) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Theta Network (THETA) was recorded at $1.62. If the pattern trend continues, then the price of THETA might reach the resistance levels of $2.367, and $3.810. If the trend reverses, then the price of THETA may fall to the support of $1.146, and $0.576.
Theta Network (THETA) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Theta Network (THETA) in 2024.
THETA/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Theta Network (THETA) for 2024.
| Resistance Level 1 | $1.8493 |
| Resistance Level 2 | $3.5111 |
| Support Level 1 | $1.1659 |
| Support Level 2 | $0.5662 |
THETA Resistance & Support Levels
Theta Network (THETA) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Theta Network (THETA) are shown in the chart below.
THETA/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Theta Network (THETA) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.618Price = $1.581 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 55.983 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Theta Network (THETA) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Theta Network (THETA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
THETA/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Theta Network (THETA).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 20.630 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 68.28 <50 = Low >50 = High | High Volatility |
Comparison of THETA with BTC, ETH
Let us now compare the price movements of Theta Network (THETA) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs THETA Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of THETA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of THETA also increases or decreases respectively.
Theta Network (THETA) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Theta Network (THETA) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Theta Network (THETA) Price Prediction 2025 | $5.5 | $0.5 |
| Theta Network (THETA) Price Prediction 2026 | $5.9 | $0.4 |
| Theta Network (THETA) Price Prediction 2027 | $6.8 | $0.3 |
| Theta Network (THETA) Price Prediction 2028 | $7.3 | $0.2 |
| Theta Network (THETA) Price Prediction 2029 | $7.7 | $0.1 |
| Theta Network (THETA) Price Prediction 2030 | $8 | $0.09 |
Conclusion
If Theta Network (THETA) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Theta Network (THETA) price prediction for 2024 is $3.5111. Comparatively, if unfavorable sentiment is triggered, the bearish Theta Network (THETA) price prediction for 2024 is $0.5662.
If the market momentum and investors’ sentiment positively elevate, then Theta Network (THETA) might hit $5. Furthermore, with future upgrades and advancements in the Theta Network ecosystem, THETA might surpass its current all-time high (ATH) of $15.90 and mark its new ATH.
FAQ
1. What is Theta Network (THETA)?
Theta Network (THETA) is a decentralized video streaming platform leveraging blockchain technology to enhance content delivery.
2. Where can you purchase Theta Network (THETA)?
Traders can trade Theta Network (THETA) on the following cryptocurrency exchanges such as Binance, 4E, LBank, OKX, and BYDFi
3. Will Theta Network (THETA) reach a new ATH soon?
With the ongoing developments and upgrades within the Theta Network platform, Theta Network (THETA) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Theta Network (THETA)?
Theta Network (THETA) hit its current all-time high (ATH) of $15.90 on Apr 16, 2021.
5. What is the lowest price of Theta Network (THETA)?
According to CoinMarketCap, THETA hit its all-time low (ATL) of $$0.03977 on March 13, 2020.
6. Will Theta Network (THETA) reach $5?
If Theta Network (THETA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be Theta Network (THETA) price by 2025?
Theta Network (THETA) price is expected to reach $5.5 by 2025.
8. What will be Theta Network (THETA) price by 2026?
Theta Network (THETA) price is expected to reach $5.9 by 2026.
9. What will be Theta Network (THETA) price by 2027?
Theta Network (THETA) price is expected to reach $6.8 by 2027.
10. What will be Theta Network (THETA) price by 2028?
Theta Network (THETA) price is expected to reach $7.3 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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