Theta rose 2.87% over the last 24 hours and is now sitting at $7.47 USD. The THETA/USD pairing has been fairly steady for weeks now. We’ve seen some upward movement, but nothing significant. Theta has proven that it’s a good investment and not as erratic or volatile as many of its crypto competitors.

Theta’s Recent Performance

Theta had a recent slump of $6.66 on the 19^th. It’s mostly kept in upward trajectory since then. Over the last 30 days, Theta has moved from $5.50 (THETA/USD) to where it is now. This has ensured it is a good investment for those who do not want to take serious risks with their crypto.

A lot of analysts predicted Theta would move much higher by this time in the year. While it hasn’t proven them right by any means and is nowhere near the $50 or $100 mark that some analysts predicted, it has not plummeted like a lot of other cryptocurrencies either. Many investors are hoping the floodgates will open soon on this crypto for a bullish run, but that’s not the indication we are seeing right now.

In recent months, Theta had a rough late June performance, and it fell for about a full month. The crypto started to bounce back on July 20^th and has continued to do well since then. From the high in June to the low point in July, Theta went from $9.30 down to $3.86. It doesn’t have much further to go to make that back up, as it pushes towards the $8 resistance level.

Where Is Theta Going from Here?

Looking at the performance over the last month, it’s easy to think Theta could continue to move upward past the $8 and $9 resistance levels. Could it even move as high as $10? It hasn’t reached that point since May earlier in the year.

However, when analysts look at its performance over the last few months, they believe there’s a chance for Theta to correct and take another fall. That could happen at any moment due to the inherent volatility of cryptocurrencies like Theta.