Theta Network (THETA) Rises 2.52%, Underperforms the Crypto Market Saturday

Saturday, August 13, 2022 07:05 AM | InvestorsObserver Analysts

Theta Network (THETA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Decentralized Finance has advanced 2.52% to $1.61.

InvestorsObserver is giving Theta Network a 44 Volatility Rank. Find out what this means to you and get the rest of the rankings on Theta Network!

See Full Report

Moderately Volatile

InvestorsObserver gives Theta Network a moderate volatility rank of 44, placing it in the bottom 44% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. THETA's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Theta Network price is trading near resistance. With support set at $1.53 and resistance set at $1.63. This positions Theta Network with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.