- THETA mainnet 3.0 launch is less than 30 days away. It will address the major issues like gas fess, T fuel staking and Uptime mining
- The price is currently in a consolidated momentum with a gain of 0.5%. In Contrast ,THETA/BTC pair is seeing downtrend
What Makes THETA Token A Essential Part Of Portfolio?
THETA token has been one of the successful projects as per the investor point of view . THETA token price went up to the roof with a gain of 700% in a very short span. It has seen more than 333% gain as compared to the BTC.The sharpe for the coin in 90 days is 2.41. It suggests that the token is given an excellent return as per its volatility. There is also a decrease in the Inflow volume to the exchanges which suggests a belief of the investors is getting stronger towards the token. There are various other metrics which support THETA to the moon. The mainent 3.0 can act as the strongest catalyst to push the price to the moon. One can do their further research before diving in.
Technical Indicators Hints A Suggest Uptrend For THETA Token Price
THETA price is seeing a consolidated momentum . It has seen a loss of 14% in the weekly time frame. It is seeing a halt in its uptrend on the daily chart. While going upside, the price might touch the roof at $15 . Mean while, the floor for the price on downside can be observed near $3.8. The price is currently trailing below 50 and 100 Daily Moving Average. The 50MA line is near $9, acting as a temporary resistance for the asset price. If the price breaks above 50 and 100 MA then a strong bullish momentum can be observed. THETA/BTC pair is currently showing a consolidation but can soon see a major breakout.
MACD(BULLISH): It is currently in the bearish zone but a positive crossover in the signal can be seen soon. The bars in the histogram are of decreasing length, hinting about an uptrend. MACD suggests a bullish momentum for THETA price
THETA token price projects a strong bullish momentum for upcoming days. The mainent 3.0 launch in 30 days can push the price high. THETA/BTC pair can also observe a reverse in the trend. An Investor should do their due diligence before investing.
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