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Theta Network (THETA): How Does the Chart Look Saturday?

Saturday, August 06, 2022 01:18 PM | InvestorsObserver Analysts
Theta Network (THETA): How Does the Chart Look Saturday?

InvestorsObserver gives Theta Network an average long-term technical score of 58 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. THETA at this time has a superior long-term technical analysis score than 58% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 58
InvestorsObserver is giving Theta Network a 58 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Theta Network!

Trading Analysis

THETA is currently $0.1500000 (10.37%) above its 100-day moving average price of $1.410000000 with its current price of $1.550000000. Meanwhile, Theta Network is $0.5900000 (-980.60%) above its 52-week low price of $0.960000000 and -$8.19000000 (-86.66%) below its 52-week high of $9.750000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 58. Trends for the long-term trading history of Theta Network suggest that traders are currently neutral on the coin. Theta Network currently has a total market cap of $1,553,712,552.27 to go along with its average daily volume of $1,304,065,646.10 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 90,221,772.06 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

Technical analysis of Theta Network over the past year results in the crypto receiving a an average long-term technical score of 58 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Theta Network (THETA).

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