Theta Proves It’s a Rock Solid Crypto
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 19th. 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 20th 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.
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