Theta Network (THETA) Price Prediction 2022 – Will THETA Hit $6.5 Soon?
- Bullish THETA price prediction for 2023 is $0.780 to $2.658.
- The THETA price will also reach $6.5 soon.
- Bearish THETA price prediction for 2023 is $0.714.
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
Current Price
$0.738968
24 – hour Trading Volume
$14,337,833
24 – hour Price Change
0.2% up
Circulating Supply
1,000,000,000
All – Time High
$15.72 (On April 16, 2021)
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. ATHETA was launched in 2018 as an ERC-20 token.
The blockchain is secured by the proof-of-stake (PoS) consensus mechanism that is based on the Byzantine Fault Tolerance (BFT) algorithm. This network hosts two tokens: a non-inflationary token, Theta Network (THETA), and an inflationary token, Theta Fuel (TFUEL).
THETA grants its holders governance rights within the Theta Network ecosystem. Also, validators and community holders need to stake THETA tokens to verify the transaction on the blockchain. Significantly, 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 2023
Theta Network (THETA) holds the 49th position on CoinGecko right now. THETA price prediction 2023 is explained below with a daily time frame.
The above chart of THETA laid out a falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Theta Network (THETA) is at $0.7445. If the pattern continues, the price of THETA might reach the resistance level of $0.970. If the trend reverses, then the price of THETA may fall to $0.714.
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 | $1.087 |
| Resistance Level 2 | $1.740 |
| Resistance Level 3 | $2.658 |
| Support Level | $0.724 |
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 $2.658.
Accordingly, if the investors turn against the crypto, the price of the THETA might plummet to almost $0.724, a bearish signal.
Theta Network (THETA) Price Prediction 2023 — 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 below 50 MA (short-term), so it is completely in a downward trend. Currently, THETA is in a bearish 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 36.25. This means that THETA is nearly an oversold 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. Also, 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 54.44, 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 below 50, indicating lower volatility. In fact, THETA’s RSI is at 36.25, 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 (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 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 $7.2 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 investors for the next 3 years, THETA would rally to hit $8.5.
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 investors for the next 4 years, THETA would rally to hit $10.
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 investors for the next 5 years, THETA would rally to hit $13.5.
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 $15.
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 $17.5 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 $20 by 2030.
Conclusion
With continuous improvements in the Theta Network, we can say that 2023 is a good year for THETA. For this reason, the bullish price prediction of Theta Network (THETA) in 2023 is $3.012. On the other hand, the bearish price prediction of Theta Network (THETA) for 2023 is $0.821.
Furthermore, with the advancements and upgrades in the Theta Network ecosystem, the performance of Theta Network (THETA) might hit $6.5 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $15.72 in the near future.
FAQ
1. What is Theta Network (THETA)?
Theta Network (THETA) is the governance token of Theta Network, a decentralized video streaming platform. THETA was launched as an ERC-20 token in 2018.
2. Where can you purchase Theta Network (THETA)?
Theta Network (THETA) has been listed on many crypto exchanges which include Binance, FMFW.io, ZB.COM, HitBTC, Crypto.com, KuCoin, Bitrue, DigiFinex, Huobi global, and Gate.io.
3. Will Theta Network (THETA) reach a new ATH soon?
With the ongoing developments and upgrades within the Theta Network, Theta Network (THETA) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Theta Network (THETA)?
On April 16, 2021, Theta Network (THETA) reached its new all-time high (ATH) of $15.72.
5. Is Theta Network (THETA) a good investment in 2023?
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 2023.
6. Can Theta Network (THETA) reach $6.5?
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 $6.5 soon.
7. What will be Theta Network (THETA) price by 2024?
Theta Network (THETA) price is expected to reach $7.2 by 2024.
8. What will be Theta Network (THETA) price by 2025?
Theta Network (THETA) price is expected to reach $8.5 by 2025.
9. What will be Theta Network (THETA) price by 2026?
Theta Network (THETA) price is expected to reach $10 by 2026.
10. What will be Theta Network (THETA) price by 2027?
Theta Network (THETA) price is expected to reach $13.5 by 2027.
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.
Read more: https://thenewscrypto.com/theta-network-theta-price-prediction/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
