$THETA has experienced a significant price drop of -8.398% in the last 24 hours.
Currently, it trades near the lower Bollinger Band at 0.5893, indicating potential for a rebound, yet also suggesting caution due to recent volatility.
Key support is at 0.576 and resistance at 0.631. A breakout beyond either level would indicate strong momentum.
For risk management, consider placing a stop-loss slightly below 0.576.
With Bollinger Bands indicating contracting volatility, traders should prepare for possible swings.
Recommended action: set alerts for price movements around key levels before making a decision.
