Theta Network (THETAUSDT) Market Overview

• Theta Network (THETAUSDT) traded in a 24-hour range of $0.852–$0.889, closing near the lower end of the range.
• A bearish breakdown below 20-period moving average suggests further downside potential.
• Volume surged during the late-night session, with notable buying pressure at $0.85–$0.86.
• RSI indicates oversold conditions, hinting at potential short-term bounce.
• Bollinger Bands widened during the drop, signaling heightened volatility.

Theta Network (THETAUSDT) opened at $0.881 on 2025-07-24 at 12:00 ET, reaching a high of $0.889 and a low of $0.852 before closing at $0.857 on 2025-07-25 at 12:00 ET. Total volume for the 24-hour window was 1,898,988.1 THETA, while total turnover was approximately $1,605,000.

Structure & Formations

Theta Network formed a bearish continuation pattern as prices broke below the 20-period moving average, indicating a potential target near $0.84–$0.83. A notable doji appeared near $0.853–$0.854, signaling indecision and a possible short-term bounce. Key support levels are forming around $0.85 and $0.84, with the next critical level at $0.837.

Moving Averages

On the 15-minute chart, the price closed below the 20-period and 50-period moving averages, reinforcing the bearish bias. For the daily chart, the 50-period MA appears to be around $0.86–$0.87, suggesting further downward pressure if the current trend continues.

MACD & RSI

The MACD turned bearish as the line crossed below the signal line, with negative momentum continuing. RSI hit oversold territory (below 30) near $0.852, which may offer a short-term rebound opportunity. However, the lack of a clear bullish reversal in candlestick structure suggests this may be a false bounce.

Bollinger Bands

Volatility expanded as prices dropped below the lower Bollinger Band, confirming a widening of risk. The recent contraction in the bands before the drop suggests a period of consolidation, followed by a sharp move lower.

Volume & Turnover

Volume surged during the late-night and early morning session, with the highest volume at $0.85–$0.86. This suggests renewed interest at these levels, potentially forming a short-term base. Notional turnover increased in line with volume, indicating confirmation rather than divergence.

Fibonacci Retracements

On the 15-minute chart, a key 61.8% retracement level appears near $0.861–$0.863, which has been tested multiple times. On the daily chart, the 61.8% retracement of the recent bearish swing may target $0.83–$0.84, aligning with potential support levels.

Over the next 24 hours, Theta Network may test the $0.85–$0.83 range, with RSI suggesting a potential short-term bounce. However, a break below $0.84 could signal a deeper correction. Investors should monitor volume and order flow at key support levels for signs of strength or capitulation.