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THETA is making waves in the crypto market with a growing bullish outlook, even as larger assets like Bitcoin and Ethereum struggle. Traders are betting on THETA’s potential breakout. Here’s why it’s gaining attention.

- Trader Sentiment: 69.2% of top traders on Binance currently hold long positions in THETA, showing strong bullish sentiment.

- RSI Indicator: THETA’s Relative Strength Index (RSI) stands at 43, suggesting a potential for upward momentum.

- Bullish Pattern: THETA has formed a descending triangle on its daily chart, signaling the possibility of a breakout if it surpasses the $2.41 mark.

- Price Target: A successful breakout could see THETA rally by 37%, potentially reaching $3.33.

- Support Levels: The altcoin recently retested crucial support at the 200 Exponential Moving Average (EMA), showing resilience.

- Whale Accumulation: Significant whale activity has been observed, with $2.02 million worth of THETA moving from exchanges to long-term holders.

- Binance Long Positions: Strong confidence is seen on Binance, with a long/short ratio of 2.25, signaling further bullish sentiment.

Despite slight declines in THETA’s price, the ongoing accumulation by long-term holders and bullish technical signals make it a potential breakout candidate. Traders are watching closely as the market’s next move unfolds.
https://coinpedia.org/price-prediction/theta-price-prediction/

Theta Network, a revolutionary decentralized video streaming platform that rewards users for sharing their bandwidth. With industry backing, it’s changing the way we consume media!

- Decentralized Streaming: Theta Network uses blockchain technology to offer video content streaming while rewarding users for sharing their internet bandwidth and computing resources.

- Peer-to-Peer Model: Users contribute spare bandwidth and resources on a peer-to-peer basis and earn Theta Fuel (TFuel) in return.

- Institutional Backing: Supported by investors like Node Capital and DHVC, and advised by YouTube co-founder Steve Chen and Twitch co-founder Justin Kan.

- Consensus Mechanism: Utilizes a modified proof-of-stake with a unique multi-Byzantine Fault Tolerance (BFT) system, combining 20-30 Validator nodes with thousands of Guardian nodes for efficient processing.

- Current Price and Performance: Theta Network (THETA) is priced at $1.29, with a 24-hour trading volume of $26,316,675, reflecting a 1.22% increase in the last 24 hours as per Coinpedia markets data.

- Market Cap and Supply: The circulating supply is 1 billion THETA, giving the network a market cap of $1,286,685,346.

Theta Network is paving the way for decentralized video streaming, combining user rewards with innovative technology. Keep an eye on this game-changer in the media landscape!
https://coinpedia.org/price-prediction/theta-price-prediction/

Finally movement in the right direction ..

Theta Network(THETA) could rise above $6.50, according to the trader. Theta Network is a peer-to-peer video content sharing platform.