THETA is displaying a bullish price pattern amidst a tough market. This trend is supported by THETA’s Relative Strength Index at 43, signaling possible upward Movement. A strong market sentiment for THETA is further corroborated as 69.2% of Binance traders are maintaining long positions.
Trading above resistance at $2.41 could propel THETA to $3.33, marking a potential 37% increase. On-chain data shows $2.02 million in outflows from exchanges, suggesting buying pressure with long-term holders. This indicates strong market confidence, possibly leading to a price surge.