.Stunning Levels in this Altcoin, which is among the Top 10 of the Crypto Money World – THETA started a strong increase from the $ 6.50 support zone against the dollar. The price has now increased over 25% and will likely continue to rise above $ 15.00.
THETA started a strong rally above the $ 8.00 and $ 10.00 resistance levels against the dollar.
The price is trading nicely above $ 12.00 and the 100 simple moving average.
On the 4-hour chart of the THETA / USD pair, there is a key bullish trend line formed with support near $ 10.00.
The pair is likely to continue to rise if it clears the $ 15.00 and $ 15.50 resistance levels in the near term.
THETA Makes Top 10
After forming a support base above the $ 6.00 and $ 6.50 levels, THETA price started a sharp increase. It overcame several key hurdles around $ 10.00 to move into a solid uptrend, outperforming Bitcoin and Ethereum.
The price even cleared the $ 12.00 resistance and moved above the 100 simple moving average. Its all-time high occurred around $ 14.57 and was among the top 10 cryptocurrencies by market capitalization. THETA is currently consolidating gains above the $ 13.50 support.
On the upside, the price is facing hurdles around $ 14.50 and $ 15.00. A close above the $ 15.00 level may open the doors for another increase and the price could rise towards the $ 18.50 and $ 20.00 levels.
Are Bottoms Supported?
If the THETA price does not move above $ 15.00 or $ 15.50, it can make a correction to the lower levels. The first major support is near the $ 12.20 and $ 12.00 levels.
The main support is currently forming near the $ 10.00 zone and the trend line. A downside break below the $ 10.00 support could open the doors for a push towards the $ 7.50 support.
Technical Indicators
4-Hour MACD – The MACD for THETA / USD is gaining momentum in the bullish zone.
4-Hour RSI (Relative Strength Index) – The RSI for THETA / USD is well above the 60 level.
Major Support Levels – $ 12.20, $ 12.00 and $ 10.00.
Major Resistance Levels – $ 14.50, $ 15.00 and $ 20.00.
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