Theta Network Price Prediction 2022 – Will THETA Hit $15 Soon?
- Bullish THETA price prediction is $7.5 to $14.9.
- THETA price might also reach $15 soon.
- THETA bearish market price prediction for 2022 is $0.5.
In Theta Network’s (THETA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about THETA to analyze the future movement of the cryptocurrency.
Theta Network Current Market Status
According to CoinGecko, the price of THETA is $4.03 with a 24-hour trading volume of $178,503,397 at the time of writing. However, THETA has decreased 4% in the last 24 hours.
Moreover, THETA has a circulating supply of 1,000,000,000 THETA. Currently, THETA trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
What is Theta Network (THETA)?
THETA is a blockchain based network purpose developed for video streaming. Moreover, launched in March 2019, the Theta mainnet works as a decentralized network in which users distribute the bandwidth and computing resources on a peer-to-peer (P2P) basis.
Theta Network (THETA) Price Prediction 2022
Theta Network holds the 45th position on CoinGecko right now. THETA price prediction 2022 is explained below with a daily time frame.
The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.
Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, THETA is in the range of $4.03. If the pattern continues, the price of THETA might fall to the support level of $3.6. If the trend reverses, then the price of THETA may reach the resistance levels at $9.8 & $14.9.
Theta Network (THETA) Support and Resistance Level
The below chart shows the support and resistance level of THETA.
From the above daily time frame, it is clear the following are the resistance and support levels of THETA.
- Resistance Level 1 – $8.239
- Resistance Level 2 – $15.321
- Support Level 1 – $3.663
- Support Level 2 – $1.504
- Support Level 3 – $0.553
The charts show that THETA has performed a bullish trend over the past month. If this trend continues, THETA might run along with the bulls overtaking its resistance level at $15.321.
Accordingly, if the investors turn against the crypto, the price of the THETA might plummet to almost $0.553, a bearish signal.
Theta Network Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of THETA is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of THETA lies below the cutoff line, indicating weaker participants in the current trend.
More so, the THETA’s Moving Average (MA) is shown in the chart above. Currently, THETA is in a bearish state. Notably, the THETA price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of THETA at any time.
Meanwhile, the relative strength index (RSI) of the THETA is at level 40.13. This means that THETA is in a nearly oversold state. However, this means a major price reversal of THETA may occur in the upcoming days. So, traders need to trade carefully.
Theta Network Price Prediction 2022 — ADX, RVI
Let us now look at Theta Network’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Theta Network. Currently, THETA lies in the range of 25.467, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of THETA. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of THETA lies below the 50 levels, indicating that the direction of volatility is low. In fact, THETA’s RSI is at a 40.13 level thus confirming a potential sell signal.
Comparison of THETA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Theta Network.
From the above chart, we can identify the trend of the ETH, BTC, and THETA is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and THETA also increases or decreases respectively.
Conclusion
With continuous improvements in the Theta Network network, we can say that 2022 is a good year for THETA. For this reason, the bullish price prediction of Theta Network in 2022 is $14.9. On the other hand, the bearish THETA price prediction for 2022 is $0.553.
Furthermore, with the advancements and upgrades on the THETA ecosystem, the performance of THETA would help to reach above its current all-time high (ATH) $8.2 very soon. But, it might also reach $15 if the investors believe that THETA is a good investment in 2022.
FAQ
Theta is software that promotes a global network of computers running a decentralized video streaming platform.
THETA has listed on many crypto exchanges which include Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
With the ongoing developments and upgrades within the THETA platform, it has a high possibility of reaching its ATH soon.
On April 16, 2021, THETA reached its new all-time high (ATH) of $15.72.
Theta Network (THETA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of THETA in the past few months, THETA is considered a good investment in 2022.
Theta Network (THETA) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Theta Network (THETA) will hit $15 soon.
Theta Network (THETA) price is expected to reach $20 by 2023.
Theta Network (THETA) price is expected to reach $26 by 2024.
Theta Network (THETA) price is expected to reach $35by 2025.
Theta Network (THETA) price is expected to reach $40 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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