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The cryptocurrency market woke up to a bullish day with Bitcoin hitting the $56,000 level after nearly 3 years. Although the longest bear market in cryptocurrency history has psychologically worn out investors, some cryptocurrencies have also seen serious increases with this rise of Bitcoin. One of these coins was the THETA. THETA rose more than 22 percent according to TradingView data. Which levels should we follow for THETA? What are the resistance and support levels? Here are the details.
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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