THETA Technical Analysis: Will THETA Prices Jump Above the $2 Mark?

THETA price experiences a bullish growth within an accumulation range proposing a potential breakout rally to the $2 mark. Key technical points: The THETA market price has appreciated 8.73% over the past 24 hours. The price action teases a potential bullish breakout of the consolidation range. The 24-hour trading volume of Theta Network is $151 Million, indicating a hike of 104%. Past Performance of THETA The THETA price chart showcases a sideways trend in the daily chart leading to a range between the $1 and $1.45 mark. The reversal comes with a double bottom breakout but the lack of a surge in trading volume hints at a lack of bullish commitment. Nonetheless, the daily candle shows a high likelihood of closing value surpassing the $1.45 mark. Source- Tradingview THETA Technical Analysis THETA price action shows an increased bullish influence on the consolidation range as it forms a triple white soldier pattern. Hence, traders hoping for a bullish breakout must be patient for a price action confirmation. The DMI indicator shows a bullish crossover of the DI lines, and the falling trend in the ADX line represents a weakness in the previous bearish trend. Hence, traders can expect a bullish trend to continue after the range breakout The RSI indicator shows a bullish trend with the support of the 14-day SMA (yellow) surpassing the halfway line. Moreover, the uptrend may shortly reach the overbought boundary indicating the start ...