Bitcoin

Theta Network Price Prediction for Today, November 20 – THETA Technical Analysis

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The Theta Network price prediction shows that THETA may break to the upside, and it may be fundamentally ready to break the $1.00 resistance.

Theta Network Prediction Statistics Data:

  • Theta Network price now – $0.97
  • Theta Network market cap – $961.3 billion
  • Theta Network circulating supply – 1 billion
  • Theta Network total supply – 1 billion
  • Theta Network CoinMarketCap ranking – #55

THETA/USD Market

Key Levels:

Resistance levels: $1.16, $1.28, $1.36

Support levels: $0.77, $0.67, $0.57

Theta Network Price Prediction for Today, November 20 – THETA Technical Analysis
THETAUSD – Daily Chart

At the time of writing, THETA/USD is hovering above the 9-day and 21-day moving averages. Meanwhile, the cryptocurrency might kick-start another bullish run back above $0.1.10 if the market price crosses the upper boundary of the channel. Moreover, the break above this barrier is the first signal needed for a bullish to press higher.

Theta Network Price Prediction: THETA/USD May Attract More Buyers

The Theta Network price aims to cross above the upper boundary of the channel. If the buyers push the coin to the resistance level of $1.00, the first resistance level may be located at $1.15. However, additional resistance levels may also be found at $1.16, $1.26, and $1.36 respectively. On the other side, if the Theta Network price slides below the 21-day moving average, it could hit the first support level at $0.80.

However, heading towards the lower boundary of the channel may lead the coin to the critical support levels at $0.77, $0.67, and $0.57. Meanwhile, the 9-day MA is still above the 21-day MA, which indicates that the buyers are dominating the market.

THETA/BTC Could Follow the Upward

Against Bitcoin, the daily chart shows that the Theta Network price is attempting to cross above the 9-day moving average around the 2638 SAT. However, as soon as the price moves toward the channel, there is a possibility that additional gains could be obtained. If the price keeps rising, it could even break the resistance level of 3000 SAT and above in the next positive move.

Theta Network Price Prediction for Today, November 20 – THETA Technical Analysis
THETABTC – Daily Chart

Moreover, if the bears regroup and slide below the 21-day moving average, 2400 SAT support may play out before rolling to critical support at 2200 SAT and below. Meanwhile, the 9-day moving average may keep the coin on the upside if the buyers increase the pressure.

Alternatives to Theta Network

The Theta Network price remains above the 9-day and 21-day moving averages, although its attempt to break through the upper boundary of the channel has not succeeded thus far. But, if the bulls intensify their efforts, a bullish crossover above the channel might materialize, with the closest resistance level at $0.10.

Meanwhile, Theta has a market cap of $961.3 million, and while coins with large market caps typically see modest gains, low-cap cryptocurrency like Bitcoin Minetrix have the potential for significant percentage increases. Despite being in its presale phase, Bitcoin Minetrix has already garnered almost $4.2 million, highlighting its promising growth prospects and offering a unique investment opportunity.

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