- THETA’s breakout above $1.22 could trigger a rally toward the $1.25-$1.27 zone.
- RSI at 46.53 signals weak bullish momentum, while MACD hints at a trend reversal.
- Analysts project a 72.28% rise by March 2025, with a potential high of $2.29.
Theta Network (THETA) has experienced notable price movement in the past 24 hours. The price increased by 3.74%, reaching $1.22. This rise aligns with the broader market’s positive sentiment, reflected in the market cap’s 3.43% growth to $1.22 billion. However, the 24-hour trading volume decreased by 6.41%, signaling reduced market activity despite the price recovery.
Key Support and Resistance Levels
The $1.14 zone represents a crucial support level, as it marks the lowest point within the visible timeframe. If the price declines further, the $1.12-$1.14 range could act as strong support.
Conversely, the current resistance level stands at $1.22, the recent peak. A breakout above this level could push the price toward the next resistance zone between $1.25 and $1.27.
Market Sentiment and Price Direction
THETA’s price trend shows signs of recovery following a recent dip. The green zone dominates the latter half of the chart, indicating bullish sentiment. A decisive breakout above $1.22, supported by strong volume, could trigger a rally toward $1.25 and higher.
However, if the price falls below $1.17, it may retest the $1.14 support zone. The market remains cautious as reduced trading volume hints at low investor participation.
Technical Indicators Outlook
The RSI stands around 46.53, slightly below the neutral 50 level. This signals weak bullish momentum without reaching oversold conditions. Additionally, the MACD line is near zero, with a slight bullish crossover forming. If momentum increases, this crossover could suggest a trend reversal, supporting further price gains.
March 2025 Price Prediction
Coincodex analysts anticipate a significant price increase for THETA in March 2025. Projections indicate a high of $2.29, with a low of $1.81 and an average price of $2.11. This forecast reflects a 72.28% price change from current levels.
The potential ROI stands at 87.50%, presenting a profitable opportunity for long traders. The positive performance in February strengthens expectations of a continued upward trend.
