Should You Sell Theta Network (THETA) Monday?

Monday, April 25, 2022 05:18 PM | InvestorsObserver Analysts

Theta Network receives a strong long-term technical score of 81 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, THETA holds a superior long-term technical analysis score than 81% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Theta Network a 81 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Theta Network!

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Trading Analysis

The current trading price of $2.990000000 for THETA is -$0.2500000 (-7.66%) below the coins 100-day moving average of $3.240000000. THETA meanwhile is $0.7100000 (-350.79%) above its 52-week low of $2.280000000 and -$10.18000000 (-53.17%) under its 52-week high price of $13.180000000. Theta Network's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 81. The price movement and range of THETA suggest that investors are neutral on the coin at this time. Theta Network currently has a total market cap of $2,994,311,003.32 to go along with its average daily volume of $1,184,562,002.68 worth of the currency over the past seven days. THETA's volume is below its seven day average as of the past 24 hours, with 205,029,067.81 exchanged in that period. This coin's subclass Decentralized Finance: DeFi, or decentralized finance, Coins are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

THETA's historical trading over the past year gives it a a strong long-term technical score of 81 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Theta Network (THETA).