$THETA Coin's performance on Binance has been impressive, with its price increasing by 4.99% in the last 24 hours and 29.21% in the last week.¹ As of today, the live price of Theta Coin is $2.584, with a 24-hour trading volume of $43.61 billion.²
Coin's market capitalization ranks it among the top cryptocurrencies, and its circulating supply is approximately 120.44 million. The coin's price has been volatile, with a 93.55% increase in the last month and an 84.72% increase year-to-date.
Some analysts predict that Theta Coin will experience a pullback to retest the demand level below $2.366, while others believe that it will break above the local key-level resistance of $2.417, leading to a potential upside target of $5.00.
*Key Statistics:*
- _Market Capitalization:_ $434.89 billion
- _24-hour Trading Volume:_ $43.61 billion
- _Circulating Supply:_ 120.44 million THETA
- _All-time High Price:_ $15.88
*Technical Analysis:*
Theta Coin's price movement can be analyzed using Options Greeks, which provide quantitative values to assess risks and predict profitability. The most common Greeks used in options trading are delta, gamma, theta, vega, and rho.³
- _Delta (Δ):_ measures the rate of change of an option's price with respect to the underlying asset's price.
- _Gamma (Γ):_ measures the rate of change of an option's delta with respect to the underlying asset's price.
- _Theta (θ):_ measures the rate of change of an option's price with respect to time.
- _Vega (ν):_ measures the rate of change of an option's price with respect to the underlying asset's volatility.
- _Rho (ρ):_ measures the rate of change of an option's price with respect to interest rates.
By understanding these Greeks, traders can make more informed decisions about their Theta Coin positions and adjust their strategies accordingly.