Theta Network (THETA) Price Prediction 2022 – Will THETA Hit $10 Soon?
- Bullish THETA price prediction is $1.735 to $8.057.
- The THETA price will also reach $10 soon.
- THETA bearish market price prediction for 2022 is $1.061.
In Theta Network (THETA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about THETA to analyze the future movement of the cryptocurrency.
Theta Network (THETA) Current Market Status
According to CoinGecko, the price of Theta Network (THETA) is $1.53 with a 24-hour trading volume of $92,298,867 at the time of writing. However, THETA has decreased to 6.02% in the last 24 hours.
Moreover, Theta Network (THETA) has a circulating supply of 1,000,000,000 THETA. Currently, THETA trades in cryptocurrency exchanges such as Binance,OKX, CoinW, Bybit, and BingX.
What is Theta Network (THETA)?
Theta Network (THETA) is the native governance token of the Theta Network. Theta Network is a decentralized peer-to-peer (P2P) video streaming platform that was launched in 2019. THETA was launched in 2018 as an ERC-20 token.
Theta Network blockchain is secured by the proof-of-stake (PoS) consensus mechanism that is based on the Byzantine Fault Tolerance (BFT) algorithm. The network hosts two tokens: a non-inflationary token, Theta Network (THETA), and an inflationary token, Theta Fuel (TFUEL).
THETA grants its holders the governance rights within the Theta Network ecosystem. Validators and community holders need to stake THETA tokens to verify the transaction on the blockchain. Theta Network serves as an EVM-compatible smart contracts-based platform for launching dApps. It rewards users with native tokens for sharing and streaming videos to the community.
Theta Network (THETA) Price Prediction 2022
Theta Network (THETA) holds the 45th position on CoinGecko right now. THETA price prediction 2022 is explained below with a daily time frame.
The above chart laid out a descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Theta Network (THETA) is in the range of $1.53. If the pattern continues, the price of THETA might reach the resistance levels of $1.72 and $8.05. If the trend reverses, then the price of LINK may fall to $1.06.
Theta Network (THETA) Support and Resistance Levels
The chart below shows the support and resistance levels of Theta Network (THETA).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Theta Network (THETA).
- Resistance Level 1 – $1.735
- Resistance Level 2 – $2.597
- Resistance Level 3 – $4.558
- Resistance Level 4 – $8.057
- Support Level – $1.061
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 $8.057.
Accordingly, if the investors turn against the crypto, the price of the THETA might plummet to almost $1.061, a bearish signal.
Theta Network (THETA) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Theta Network (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 weak participants in the current trend.
Moreover, the Moving Average (MA) of Theta Network (THETA) is shown in the above chart. Notably, the THETA price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, THETA is in a bullish state. There is a possibility of a reversal trend of THETA at any time.
Meanwhile, the relative strength index (RSI) of the THETA is at a level of 63.10. This means that THETA is nearly an oversold state. If RSI exceeds 70, THETA will enter an overbought state. However, this gives confidence to the traders to trade without any fear.
Theta Network (THETA) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Theta Network (THETA). 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 (THETA). Currently, THETA lies in the range of 33.02, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Theta Network (THETA). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of THETA lies just above 50, indicating higher volatility. In fact, THETA’s RSI is at 63.10, thus confirming a potential buy signal.
Comparison of THETA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Theta Network (THETA).
From the above chart, we can interpret ETH, BTC, and THETA are moving in a similar trend but with slight differences. This indicates that when the price of BTC increases or decreases, the price of ETH and THETA also increase or decrease respectively.
Theta Network (THETA) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Theta Network (THETA) might probably attain $12 by 2023.
Theta Network (THETA) Price Prediction 2024
With several upgrades in the network, Theta Network (THETA) might enter a bullish trajectory. If the coin grabs the attention of major investors, THETA might rally to hit $16 by 2024.
Theta Network (THETA) Price Prediction 2025
If Theta Network (THETA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, THETA would rally to hit $21.
Theta Network (THETA) Price Prediction 2026
If Theta Network (THETA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, THETA would rally to hit $24.
Theta Network (THETA) Price Prediction 2027
If Theta Network (THETA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, THETA would rally to hit $26.
Theta Network (THETA) Price Prediction 2028
If Theta Network (THETA) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, THETA would hit $29.
Theta Network (THETA) Price Prediction 2029
If investors flock in and continue to place their bets on Theta Network (THETA), it would witness major spikes. THETA might hit $32 by 2029.
Theta Network (THETA) Price Prediction 2030
With greater advancements in the Theta Network ecosystem, the crypto community might continue to invest in Theta Network (THETA) for the next 8 years and drive significant price rallies for the token. Hence, Theta Network (THETA) might hit $36 by 2030.
Conclusion
With continuous improvements in the Theta Network, we can say that 2022 is a good year for THETA. For this reason, the bullish price prediction of Theta Network (THETA) in 2022 is $8.05. On the other hand, the bearish price prediction of Theta Network (THETA) for 2022 is $1.061.
Furthermore, with the advancements and upgrades in the Theta Network ecosystem, the performance of Theta Network (THETA) might hit $10 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $15.72 in the near future.
FAQ
Theta Network (THETA) is the governance token of the Theta Network, a decentralized video streaming platform. THETA was launched as an ERC-20 token in 2018.
Theta Network (THETA) has been listed on many crypto exchanges which include Binance,OKX, CoinW, Bybit, and BingX.
With the ongoing developments and upgrades within the Theta Network, Theta Network (THETA) has a high possibility of reaching its ATH soon.
On April 16, 2021, Theta Network (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 Network 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 $10 soon.
Theta Network (THETA) price is expected to reach $12 by 2023.
Theta Network (THETA) price is expected to reach $16 by 2024.
Theta Network (THETA) price is expected to reach $21 by 2025.
Theta Network (THETA) price is expected to reach $24 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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