$THETA Explosive Momentum or Fading Euphoria?
THE has delivered a sharp rally of over 40% today, breaking past multiple resistances with strong volume. However, price now hovers just below local highs, and a minor rejection has begun forming at $0.4530, hinting at possible profit-taking.
Key Levels to Watch
Resistance Zones:
• $0.4530 – Short-term rejection level
• $0.4685 – 24h high, breakout confirmation
Support Zones:
• $0.4390 – Intra-day support
• $0.4210 – Previous breakout level
Trade Setup – Watch for Reclaim or Reversal
Bullish Entry: Strong 15m close above $0.4530
• Target 1: $0.4685
• Target 2: $0.4900
Bearish Entry: Failure to hold $0.4390
• Target 1: $0.4210
• Target 2: $0.4050
THE is hot, but parabolic moves often cool fast — next move hinges on reclaiming the local highs or dipping back into consolidation. Stay alert.
