THETA was seen buying and selling with a constructive transfer in opposition to the US Greenback and is presently buying and selling at $0.492, barely beneath the foremost resistance marked at $0.50. The token has undoubtedly drawn a constructive crossover compared to the earlier week’s bearish motion round $0.40 after the steep correction that occurred on the onset of the week. After waiving off the beneficial properties within the earlier week, THETA token regains the misplaced momentum.
THETA/USD Chart By TradingView
THETA token was buying and selling intently to breaching the rapid resistance at $0.49 and regained the misplaced assist from MA50 & MA200 on 24-hour chart on the press time. The pattern after having breached the decrease Bollinger Band is now shifting away from the extremities as nicely.
On this regard, the MACD line approaches in the direction of crossing above the sign line for a bullish crossover on the day by day chart and the RSI of Theta token strengthens from the utter backside and is presently mendacity at 57.86, with a reasonable inclination in the direction of the overbought area.