The cryptocurrency market is looking much better today than it did earlier in the week. There is still a lot of recovering to do after Monday’s drop, but it is good news for investors who are worried that their profits might bottom out. Those who held off on selling their cryptos may start to see some upward movement soon.

Like many cryptocurrencies today, Theta is up just a few percentage points, an increase of 2.18% over the last 24 hours as of this writing. It is currently sitting at $5.61 (THETA/USD) but a long way from the $6.56 it had on Saturday. Because the drop has tapered off and we are starting to see a little improvement, it’s possible that Theta will spur into bullish action very soon, perhaps over this weekend.

Where Will Theta Go from Here?

Not everything is sunny yet for Theta, it should be noted that its improvement is only minor and can turn around at any moment. The trade volume over the last 24 hours is still way down- a drop of 36% for that period. This means that Theta is still in a troublesome spot and could easily plummet further, especially if the bears get skittish and expect the price to drop again. After Monday’s sharp drop, a lot of investors are worried that they may not make their money back and will be eager to sell at the next sign of trouble. If this light recovery we have seen for Theta over the last couple of days turns around and heads back down again, we can expect the price to drop substantially.

There are still over $285,000,000 in trade volume over the last 24-hour period for Theta, which is quite healthy for this crypto. However, that’s a lot of trade that could be put somewhere else if Theta starts to fall. Because of what happened in the beginning of the week, Theta investors should be watching the price carefully for signs of a drop.

There’s a chance that it will go the other way, however, especially as a lot of the market looks to be recovering at once. We’re seeing this market wide, with Ethereum, Bitcoin, and Dogecoin all up over the last couple days. As the wider market tracks up, Theta should continue to track upward as well.