Technical Indicator Suggest A Bullish Move For THETA Price

The weekly technical chart of THETA showcases a consolidated momentum. On coming to the daily chart's shorter time frame, THETA price is above 100 and 50 Moving average. The 500 MA(Red) line is at $7.2, making it temporary support for the coin. Resistance for the coin on going upside is at $15. While on the downside, the coin can see a bounceback from $11.There is a formation of the accumulation zone on the daily chart. If the price goes above the zone, then a new high can be formed.THETA/BTC pair is currently performing positively and can break the resistance created in the past.
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