Following the breakout, THETA saw a short-lived upward push. However, the price was quickly rejected at the 1.08$ resistance level, indicating that bullish momentum still faces significant barriers. At present, the direction of the price remains uncertain.

Seeking Stability: Key Support Being Tested

Currently, THETA is attempting to hold the 0.84$ – 0.73$ support range. This zone is critical for price stability. A breakdown below this level could trigger a deeper correction towards 0.65$.

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For traders, this support band represents a key decision zone — whether to enter new positions or manage existing ones. Especially for short-term strategies, the outcome at this level will be pivotal.

Breaking Resistance Could Open New Targets

In a bullish scenario, a strong move above the 1.08$ resistance with volume could pave the way toward 1.30$ levels. Such a move would likely signal the beginning of a fresh upward trend for THETA, but it requires confident buying activity to materialize.

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The post THETA Breaks Downtrend: Is A New Rally Brewing? appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair gained 2.23% in the last 24 hours and is currently trading at $97,044. Bitcoin (BTC) has rebounded from the previously identified $94,703 support level, experiencing a significant surge. To maintain its upward momentum, BTC must close above the $97,362 resistance level. Key support levels are at $94,703 and $93,138.

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Ethereum (ETH): The ETH/USDT pair lost 1.43% in the last 24 hours and is trading at $3,232. Resistance levels for ETH are at $3,217 and $3,290, while support levels are at $3,091 and $2,994.

Ethereum Classic (ETC): The ETC/USDT pair gained 1.97% in the last 24 hours and is currently trading at $25.38. Resistance levels for ETC are at $25.59 and $27.54, with support zones at $23.55 and $22.83.

Algorand (ALGO): The ALGO/USDT pair surged 13.22% in the last 24 hours and is trading at $0.39. ALGO faces resistance at $0.39 and $0.42, with support zones at $0.31 and $0.28.

Theta Network (THETA): The THETA/USDT pair increased by 6.50% in the last 24 hours and is currently trading at $2.21. Resistance zones for THETA are at $2.20 and $2.39, while support levels are at $2.05 and $1.89.

Trending Coins

In the last 24 hours, trending coins in the crypto market include Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and Sonic (prev. FTM) (S). Among the top gainers are MEOW (MEOW), AI Rig Complex (ARC), and aixbt by Virtuals (AIXBT). The biggest losers include CHEX Token (CHEX), Dog (Bitcoin) (DOG), and aixbt by Virtuals (AIXBT).

Bitcoin Liquidation Map

The 12-hour liquidation map of Bitcoin reveals a prominent liquidation zone of $42.81M at $97,897 on the upper side. On the downside, a notable $46.92M liquidation is located at $95,981.

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The post The Latest on Bitcoin and Cryptocurrencies: 15 January appeared first on Coin Engineer.

Simultaneously, Galaxy Fox, a new meme coin, is nearing the completion of its presale, with nearly 3 million tokens sold. This project combines popular meme culture with play-to-earn (P2E) features, offering token holders opportunities to earn passive income through staking, P2E gaming, and more.

Theta Developments and Price Analysis Theta Network (THETA) has surged by 40% today and is currently trading around $2, a level not witnessed since early 2022, though still below its all-time high of around $13 set in 2021.

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The recent price surge follows an announcement from the Theta Network Twitter account stating that Theta EdgeCloud Phase 1 is set to launch in Q2 2024. In a blog post, the team provided insights into how Theta EdgeCloud is revolutionizing AI computing, emerging as one of the most advanced decentralized platforms for developers, researchers, and enterprises to access unlimited GPU processing power.

The foundation supporting EdgeCloud’s infrastructure has been under development for several years, with phase 1 expected to launch on May 1, 2024. This significant development appears to be driving investor interest.

Analyzing the THETA/USDT price chart, the token had been trading sideways between $0.8 and $1.4 for months (since November last year). The price faced rejection multiple times at the $1.4 resistance earlier this year. However, Theta finally broke out above this long-term channel today. Typically, when a price breaks out of an extended channel, it enters “discovery mode” to establish a new range.

The 200-day moving average currently stands around $0.76, serving as a dynamic support level if prices correct from here. While the RSI reached overbought levels above 70 today on the daily chart, it has since cooled off to 42 at the time of writing, indicating potential for further upside.

Leveraging the latest Bitcoin surge, Theta breached the key $1.4 resistance around the Fibonacci 2.618 level, aiming for higher values. This breakout was significant in propelling renewed upside momentum.

What is Theta Network (THETA)?

Theta is a Layer 1 blockchain and decentralized infrastructure catering to video, AI, and entertainment use cases. It comprises two complementary systems – the Theta blockchain itself and the Theta Edge Network.

The proof-of-stake Theta blockchain manages payments, rewards, staking, and smart contracts, while the Edge Network focuses on computing, storing, and transmitting video streams, AI tasks, scientific simulations, financial modeling, and more. THETA is the native token for staking and governance, while TFUEL is used for transactions and smart contracts.

Later in 2024, the next-generation Edge Network called Theta EdgeCloud will launch as the first hybrid cloud platform built on a fully distributed architecture, bringing cloud computing capabilities to the decentralized Theta system.

Galaxy Fox Overview Positioned as a GameFi contender, Galaxy Fox appeals to play-to-earn (P2E) gaming enthusiasts and meme coin enthusiasts alike.

At the heart of the project is an immersive endless runner P2E game, where players earn GFOX tokens by overcoming in-game challenges using exclusive Fox-themed characters and NFT boosters.

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The post Theta Network (THETA) Price Soars 40% as Galaxy Fox Nears Presale Target appeared first on Coin Engineer.

Theta Network  %12.17

The THETA/USDT pair has lost 12.17% value in the last 24 hours, trading at 1.92$. The resistance levels for THETA are first $2.60, then $3.09. The support levels are $1.67 and if it’s below this region, the level is $1.49.

World Coin %7.43

The WLD/USDT pair has lost 7.43% value in the last 24 hours, trading at 7.16$. The resistance levels for WLD are first $7.95, then $9.26. The support levels are $7.12 and if it’s below this region, the level is $6.26.

The post Most Declining Coins | Coin Price Analysis! appeared first on Coin Engineer.

THETA Price Analysis:

THETA is almost 22% up today. In just 3 days THETA investors widen their wallet almost two times. What are the support and resistance levels in THETA , which has shown an incredible rise today while Bitcoin is on a downward trend?

Support level for THETA is $2.11 and resistance is at $2.38.

With Bitcoin surpassing $56,000 and money flowing into the market, altcoins are on the rise. With a possible correction in the market, we may see pullbacks in price levels.

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The post THETA Price Analysis appeared first on Coin Engineer.

What is Theta Fuel (TFUEL Coin)?

Theta Fuel (TFUEL) is known as a decentralized video streaming infrastructure that offers innovative services to its users. The project has the potential to rival YouTube, hosting millions of daily visitors and hundreds of thousands of content pieces. Investors have noticed Theta Fuel’s innovative solutions in the video sector.

TFUEL Coin is the native cryptocurrency used for transactions within the platform. Users can perform tasks such as providing video streaming with Theta Fuel, distributing smart contracts, or engaging in interactions using these transactions. Moreover, relay nodes earn Theta Fuel for each video stream they relay.

Theta aims to address quality issues prevalent in current live streaming platforms such as low quality, interruptions in live streams, and the inability to meet the demand for high-quality content. The Theta Fuel platform aims to surpass centralized structures and provide users with high-quality, uninterrupted broadcasts.

Theta Fuel Price and Supply: Theta Fuel Ecosystem:

The Theta Fuel ecosystem was initiated in 2017 by Mitch Liu and Jieyi Long. This duo brings extensive experience in industries like gaming and broadcasting and has presented a successful project to users.

The circulating supply of TFUEL coins is set at 6 billion, with a total supply of 5,994,818,849.0. TFUEL reached its highest ATH (All-Time High) on June 9, 2021, at the level of 0.6815 USD. The lowest ATL (All-Time Low) was recorded on March 13, 2020, at 0.0009080 USD.

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How does Theta Fuel work?

There are two different cryptocurrencies in the Theta blockchain: TFUEL token and THETA token. While TFUEL is used for transactions within the platform, THETA is related to the management of the THETA network. The Theta Fuel blockchain network is managed by thousands of guardian nodes, including major names like Google, Binance, various blockchain initiatives, and Samsung.

In conclusion TFUEL tokens are a cryptocurrency used on the Theta Fuel decentralized video and data distribution platform. Also TFUEL is used in payments made to content creators for sharing video streams, distribution of smart contracts, and payments to decentralized applications on the network. Therefore, it’s fair to say that TFUEL tokens play a critical role in the Theta network. TFUEL stands out as a token with versatile applications.

The Theta Fuel platform operates on an open-source code, allowing developers to contribute to the platform or benefit from this unique platform. Additionally, it’s important to note that the platform hosts various content types, ranging from esports to music, movies to remote education, creating a diverse landscape for users on the Theta Fuel network.

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The post What is Theta Fuel? (TFUEL Coin) appeared first on Coin Engineer.