Theta Network Market Overview

Theta Network (THETAUSDT) opened at $0.89 on 2025-07-18 12:00 ET and reached a high of $0.914 before closing at $0.871 on 2025-07-19 12:00 ET, with a low of $0.852. Total volume traded over 24 hours was approximately 4.4 million THETA, and notional turnover was $3.84 million.

Structure & Formations

Theta Network’s price action on the 15-minute chart displayed a bearish bias, with a key swing high at $0.914 acting as a short-term resistance. A notable bearish engulfing pattern emerged around 04:15 ET, signaling a likely continuation of downward momentum. The price found temporary support at $0.867–$0.87, forming a consolidation area before a modest rebound. A doji appeared near $0.878, indicating indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bearish crossover, reinforcing the downward trend. On the daily chart, price closed below the 50, 100, and 200-period moving averages, suggesting a continuation of the broader bearish bias.

MACD & RSI

The MACD line crossed below the signal line early in the session, confirming bearish momentum. RSI dropped into oversold territory below 30 at one point, but failed to generate a meaningful bounce, indicating weak follow-through from short-covering. RSI remained in the 40–50 range by the close, showing neutral to bearish sentiment.

Bollinger Bands

Volatility expanded significantly during the sharp drop from $0.914 to $0.852, with the bands widening. Price spent most of the session below the lower band, signaling oversold conditions. A temporary contraction in the bands occurred near the $0.87–$0.88 range, suggesting a potential reversal or consolidation phase.

Volume & Turnover

Volume spiked during the sharp sell-off from $0.914 to $0.867, particularly between 04:15 and 05:00 ET, with turnover surging during those hours. However, volume declined during the subsequent rebound, indicating a lack of conviction in the bullish move. A divergence between price and volume was observed during the attempted rally, which could signal a potential bearish continuation.

Fibonacci Retracements

On the 15-minute chart, the $0.87–$0.88 range coincided with the 38.2% Fibonacci retracement level of the $0.867–$0.908 move. This level held briefly before price resumed its decline. On the daily chart, the 61.8% level of the recent $0.852–$0.914 swing sits at $0.882, which may offer resistance ahead.

Theta Network appears to have entered a consolidation phase after a sharp bearish move. While the RSI dip into oversold territory offers a glimmer of potential for a short-term rebound, the broader trend remains bearish. Investors should watch the $0.87–$0.88 range for signs of support and be cautious of a potential breakdown below $0.865, which could trigger further selling.