๐ฃ Is it time for the explosion?
$THETA at a crossroads
Current price: 0.7539
Daily percentage: +1.47%
๐ Market stages
โข Parabolic rise from below 0.20 to nearly 16.00
โข Long-term decline with lower highs and lower lows
โข Sideways consolidation between 0.50 and 1.50 since mid-2022 โ a signal for potential accumulation
๐ Price levels
โข Historical resistance: 16.00
โข Key support: 0.425 โ not broken on weekly close
โข Resistance of the consolidation range: 1.20 to 1.50
โข The current price is trading near support, in the lower half of the range
๐ Potential scenarios
โข Bullish: Weekly close above 1.50 could push towards 3.00โ3.50
โข Bearish: Breaking 0.425 on the weekly close may open the door for a decline
โข Neutral: Continued oscillation between 0.50 and 1.20 until a strong catalyst appears
๐ข Follow daily analyses on channel
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