Current phase ascent time has significant pressure but
In light of the price dropping to $0.6927 (down -5.83%), we find ourselves at a crucial crossroads.
The currency $THETA has reached a very critical support area at $0.69, an area that has not been tested for a while… Will the buyers be present?
We are not just monitoring a number…
But observing a collective psychological behavior of the market participants.
Technical + psychological reading of the current situation:
📍 Main support: $0.68
📍 Current interaction area: $0.69 – $0.70
We notice the following:
Balanced trading volume: no panic selling despite the drop.
Moderate momentum with a tendency to buy at the bottom areas.
Initial signs of returning hesitant liquidity.
If the $0.68 area is respected, we have a clear scenario:
A strong and sudden rebound leading to clear technical targets.
🎯 Short to medium-term technical targets:
TP1: $0.72 – The first testing point for new buyers.
TP2: $0.74 – A secondary resistance level that may see hesitation in momentum.
TP3 (medium target): $0.78 – A potential jump if buyers remain active and a small FOMO wave appears.
💥 Why could the price rebound? (Emotional market analysis)
Sellers have begun to lose momentum, especially after a drop not driven by negative news.
Major buyers are watching the bottom levels – where the risk-to-reward ratio is very tempting.