Theta Network’s (THETA) Price Rallies: Expert Highlights Potential Retest Level, But There’s a Catch

Theta Network (THETA) has experienced a remarkable rally, captivating the attention of top crypto analysts. According to data from CoinMarketCap, Theta Network’s price currently stands at $3.01, with a 24-hour trading volume of $625,702,507. Moreover, THETA has witnessed a 28.89% increase in the last 24 hours.

Rekt Capital’s Macro Range Analysis

Top crypto expert, Rekt Capital’s analysis of Theta Network’s price action provides valuable insights into the potential trajectory of the crypto. By identifying an “orange-orange Macro Range” in his chart, Rekt Capital is referring to a specific price range that THETA has been trading within over a longer time frame.

Besides, the analyst highlights that THETA has achieved a “phenomenal +250% upside,” rallying across this Macro Range and revisiting the Range High comfortably. However, Rekt Capital notes that THETA will remain within the Macro Range until the Range High is reclaimed as new support, suggesting that a sustained break above the Range High could signal further upside potential.

Rekt Capital, furthermore, in a previous tweet, suggested that any potential dips, if they occur, into the orange Range Low would present a retesting opportunity that could precede further upside. This implies that a pullback towards the lower end of the Macro Range could offer a favorable entry point for traders and investors looking to capitalize on the bullish momentum.

Altcoin Hunter’s Perspective on Theta Network’s “Glow-Up”

Adding to the bullish sentiment surrounding Theta Network, Altcoin Hunter, another influential voice in the crypto community, tweeted:

“$THETA glow-up is insane, right? In the past 30 days, the pump has been wild. Although it looks like this #AI + #infrastructure gem is just getting started, but of course, take it with a pinch of salty magic stuff. Loads of unpumped #Alts still in the market.”

Altcoin Hunter’s comments highlight the performance of Theta Network, while also acknowledging the potential for further upside and the existence of other promising altcoins in the market.

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As Theta Network continues to capture the attention of crypto analysts and investors, the stage seems set for potential price movements in the coming days and weeks. With influential figures like Rekt Capital and Altcoin Hunter offering their insights, the crypto community eagerly awaits the next chapter in Theta Network’s remarkable journey.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.