{"id":151426,"date":"2021-04-04T15:30:09","date_gmt":"2021-04-04T10:00:09","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=151426"},"modified":"2021-04-04T11:44:44","modified_gmt":"2021-04-04T06:14:44","slug":"why-this-week-is-crucial-for-theta","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-this-week-is-crucial-for-theta\/","title":{"rendered":"Why this week is crucial for THETA"},"content":{"rendered":"<p>In the late hours on Friday, users had issues with their THETA wallet balance, however, the network didn&#8217;t suffer an impact and the UI glitch was fixed. Post the scare of a hack, the price was up nearly 4%, and the trade volume has dropped by 21% in the last 24 hours. The dropping trade volume could signal the beginning of a correction or rangebound price action, over 17% away from the ATH. Analysts are predicting a drop below the $10 level if the price drop ensues.<\/p>\n<p>Based on THETA&#8217;s price charts and trends, historically there may be a decline in the price based on price trends. The return on THETA&#8217;s price in the past is evidence that a price rally if it starts at the current level may lead to a double-digit rally.<\/p>\n<figure id=\"attachment_151444\" aria-describedby=\"caption-attachment-151444\" style=\"width: 735px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-03-at-15.44.12-e1617446294245.png\"><img decoding=\"async\" class=\"size-full wp-image-151444\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-03-at-15.44.12-e1617446294245.png\" alt=\"Here's why THETA may rally to a new ATH this week\" width=\"735\" height=\"240\" \/><\/a><figcaption id=\"caption-attachment-151444\" class=\"wp-caption-text\">THETA&#8217;s ROI by year || Source: <a href=\"https:\/\/messari.io\/asset\/theta-token\/metrics\">Messari<\/a><\/figcaption><\/figure>\n<p>Based on ROI in 2020 and 2019, this year the return is 515%. There is room for vertical growth in the price of the altcoin and based on the price trend, the last time such a price action occurred was in December 2020 in which the price increased by 172% from $0.65 to $1.77. Based on such past growth, it is likely that the current price action is not conclusive to declare this as the consolidation phase.<\/p>\n<p>Though there is an upside, it may be limited. If a correction in price occurred, and it dropped below the $10 level, there may be a cascading sell-off below $7. Currently, the weekly returns are nearly 5% and the recent integration with Cinedigm may have given it the needed boost since Cinedigm has now integrated native TFUEL micropayments. This boost may have led to a recovery in the price that dropped as a result of the 3.0 launch delay. However, the recovery may not be complete until the price crosses the $13 level based on the price chart.<\/p>\n<figure id=\"attachment_151442\" aria-describedby=\"caption-attachment-151442\" style=\"width: 740px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-03-at-15.42.06-e1617447155426.png\"><img decoding=\"async\" class=\"size-large wp-image-151442\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-03-at-15.42.06-1024x375.png\" alt=\"Here's why THETA may rally to a new ATH this week\" width=\"740\" height=\"271\" \/><\/a><figcaption id=\"caption-attachment-151442\" class=\"wp-caption-text\">THETAUSD and THETABTC price action || Source: <a href=\"https:\/\/coinlib.io\/coin\/THETA\/Theta+Token\">Coinlib<\/a><\/figcaption><\/figure>\n<p>Based on the above price chart from Coinlib, Theta&#8217;s price is currently over 20% away from the ATH. THETA&#8217;s price rally hasn&#8217;t ended yet. Despite a slowdown in the price action post-launch, there is an anticipation that the rally will be extended based on the increasing market capitalization and trade volume in top markets on Binance and Huobi.\u00a0THETA&#8217;s price is rallying towards the next ATH based on the above metrics and this may be the ideal time for retail traders to buy on spot exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the late hours on Friday, users had issues with their THETA wallet balance, however, the network didn&#8217;t suffer an impact and the UI glitch was fixed. Post the scare of a hack, the price was up nearly 4%, and the trade volume has dropped by 21% in the last 24 hours. The dropping trade<a href=\"https:\/\/ambcrypto.com\/why-this-week-is-crucial-for-theta\/\">Continue reading <span class=\"sr-only\">&#8220;Why this week is crucial for THETA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":35,"featured_media":151469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-151426","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why this week is crucial for THETA - AMBCrypto<\/title>\n<meta name=\"description\" content=\"In the late hours yesterday users had issues with their THETA wallet balance, however, the network didn&#039;t suffer an impact and the UI glitch\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/why-this-week-is-crucial-for-theta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why this week is crucial for THETA - 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