{"id":5897,"date":"2022-08-02T22:38:10","date_gmt":"2022-08-02T22:38:10","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/02\/is-theta-network-token-now-bullish-after-double-digit-gains\/"},"modified":"2022-08-02T22:38:10","modified_gmt":"2022-08-02T22:38:10","slug":"is-theta-network-token-now-bullish-after-double-digit-gains","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/02\/is-theta-network-token-now-bullish-after-double-digit-gains\/","title":{"rendered":"Is Theta Network token now bullish after double-digit gains?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"line-height: 1.295;margin-top: 0pt;margin-bottom: 0pt;text-align: left\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Theta community has been touted as a next-generation video streaming platform\u00a0<\/span><\/li>\n<li style=\"line-height: 1.295;margin-top: 0pt;margin-bottom: 0pt;text-align: left\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">The community faces competitors from different networks<\/span><\/li>\n<li style=\"line-height: 1.295;margin-top: 0pt;margin-bottom: 8pt;text-align: left\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Theta token has pumped 20% however stays in consolidation mode<\/span><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Theta Network token THETA\/USD has returned greater than 20% up to now one week. The good points within the final 24 hours had been 2.46% as of press time. The good points think about that THETA has been comparatively subdued regardless of different cryptocurrencies surging.\u00a0<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Theta Network guarantees to revolutionize video streaming by means of the blockchain community. By turning into the next-generation video blockchain community, Theta will rival YouTube. That was evident mid-last yr when the community noticed exponential development.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">This yr, nonetheless, Theta has been beset with challenges. It is but to reside to the hype of being a YouTube rival. The booming metaverse functions with virtually the whole lot in digital area have additionally been a menace. Protocols reminiscent of Axie Infinity have been most popular by avid gamers. However, as soon as Theta proves its course, it&#8217;s certain to rise. Recent good points attest to expectations of a value pump. But is the token bullish now?<\/span><\/p>\n<h2 style=\"line-height:1.295;margin-top:18pt;margin-bottom:4pt\"><strong><span style=\"font-size:18pt;font-family:Calibri,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Theta trapped in a consolidation zone regardless of newest good points<\/span><\/strong><\/h2>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\"><span style=\"border:none;overflow:hidden;width:602px;height:302px\"><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/07\/02\/1659472578486-8c249d9c-10cf-475b-afcd-78ec23bde29e.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\"\/><\/span><\/span><\/p>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Source \u2013 TradingView<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">On the day by day chart technical outlook, Theta token has been very steady above $1.06 help. The token has held to this key stage since May. It suggests sellers\u2019 exhaustion and the potential entry of consumers. Nonetheless, the $1.45 resistance has all the time taken the worth again for each surge. That makes the consolidation zone a stage to look at.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Moving averages and MACD indicators present a bullish momentum for THETA. Our evaluation suggests {that a} break above $1.45 will affirm bullish momentum. Already, THETA has proven the chance of a breakout. Investors ought to watch the token over the following few days.<\/span><\/p>\n<h3 style=\"line-height:1.295;margin-top:14pt;margin-bottom:4pt\"><strong><span style=\"font-size:13.999999999999998pt;font-family:Calibri,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Summary<\/span><\/strong><\/h3>\n<p dir=\"ltr\" style=\"line-height:1.295;margin-top:0pt;margin-bottom:8pt\"><span style=\"font-size:12pt;font-family:'Times New Roman';color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline\">Although Theta token is within the consolidation zone, a possible breakout is on the playing cards. The token has been steady since May, and a breakout would entice extra purchaser curiosity.<\/span><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/is-theta-network-token-now-bullish-after-double-digit-gains\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Theta community has been touted as a next-generation video streaming platform\u00a0 The community faces competitors from different networks Theta token has pumped 20% however stays in consolidation mode Theta Network token THETA\/USD has returned greater than 20% up to now one week. The good points within the final 24 hours had been 2.46% as 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