THETA coin price hints at the long coming resistance trendline breakout with the sudden surge in buying pressure in the overall crypto market. Key technical points: The THETA coin approaches the resistance trendline with a 20% jump last day The MACD indicator shows a bullish crossover The 24-hour trading volume in the Theta Network’s token is $404 Million, indicating a 36% rise. Past Performance of THETA THETA coin price managed to halt the rejection from the 50-day EMA at $2.5, with long-tail formations indicating the bulls actively hoarding the dip. The 20% jump follows the morning star pattern, and the price approaches the resistance trendline. However, the bulls face the same psychological barrier at the 50-day EMA. Source-Tradingview THETA Technical Analysis The THETA coin price shows a boom in buying pressure, with the double bottom breakout increasing the chances of the trendline breakout. Buyers can observe the rally approach the $5 mark if the prices outperform the sellers. The crucial daily EMAs in the altcoin price chart show a bearish alignment with the 50-day EMA providing a dynamic barrier along with the resistance trendline. However, the breakout of the 50-day EMA can result in a price jump to the 200-day EMA. The MACD indicator shows the fast and slow lines reverse in the negative territory to give a bullish crossover. However, the lines must enter the positive territory with a bullish growth in histograms to p...
