- Theta price hits new all-time high of $14.99
- Meanwhile, other major altcoins show a price dip.
- Theta shows an Ascending scallop pattern, indicating a price surge.
Theta is a decentralized video delivery platform. It is powered by users and an innovative new blockchain. Moreover, Theta is an open-source protocol purpose-built to power the decentralized streaming network. In addition, vertical decentralized apps (DApps) will soon be available on the platform.
According to CoinGecko, the THETA price is $14.99 with a 24-hour trading volume of $2.9 billion, at the time of writing.
Over the last month, as shown in the chart above, we can see an Ascending Scallop pattern. Usually, this is followed by an uptrend. However, the pattern can also shift into a downtrend. However, the pattern itself suggests a break further towards the upside level. More so, this pattern took half a month to form.
Read Also : Theta Price Prediction 2021.
Furthermore, THETA has to break past the Fib retracement level at $17.7. To do this, it has to establish more support at the Fib level at $14.6. If not, bears may gain the upper hand and drag THETA to their territory.
While THETA shows great performance, there are some major altcoins that show a dip.
Moreover, YFII, SYBC, and BTB are among the major cryptocurrencies that show a dip. In detail, the YFII price of $17.8 has descended to over 78%. Additionally, the SYBC price, sitting at $0.0005, also resulted in a 54% loss. While the BTB price caused over 51% loss to its crypto holders at almost $0.0028 per unit.