Price Analysis

Key Reasons Why Theta Price May Prolong Recovery By 40%

The Theta price riding a high momentum rally amid rising volume and a surge in future open interest, Enter now?
Published by
Key Reasons Why Theta Price May Prolong Recovery By 40%

Highlights

  • A Theta Price breakout from the neckline of an inverted head and shoulder pattern indicates a potential rally beyond $2.
  • Data from Coinglass shows that Theta Futures Open Interest witnessed a 137% increase, highlighting strong market confidence.
  • The intraday trading volume in Theta is $231.9 Billion, indicating a 401% gain.

Theta Price: The crypto market witnessed a renewed recovery force as the Bitcoin price rebounded from the $50600 support last weekend. The positive turnaround propelled several altcoins back to recovery sentiment including Theta. The coin price surged from $1.17 to $1.66 within three days to register 42% growth, the recent price breached the resistance trendline of inverted head and shoulder pattern indicating the asset is poised for further growth.

Also Read: Crypto Market Analysis As Metaverse Tokens Regain Momentum: THETA, MANA, APE

Advertisement

Is Theta Price Heading to $2?

Theta, the native token of a Layer 1 blockchain entered an aggressive recovery mode earlier this month when the price rebounded from $0.93. This bullish recovery surged the coin price by 80% within three weeks to currently trade at $1.67.

The increasing Trading Volume and surge in futures open interest suggest robust and sustainable growth in the Theta price. Data from Coinglass, a prominent crypto derivatives data provider, shows Theta Futures Open Interest escalating from a low of $16.71 million in January to a recent apex of $39.56 million. This marks an impressive growth of approximately 137% indicating the growing investor enthusiasm and engagement in Theta.

Advertisement

Theta’s Potential Surge Underpinned by Classic Chart Pattern

With an intraday gain of 20%, the Theta price provides a decisive breakout from the neckline resistance of an Inverted Head And Shoulder Pattern. This chart commonly spotted at major market bottom patterns provides an early signal to a trend reversal and long entry opportunity. Currently trading at $1.67, if the altcoin shows sustainability above $1.5, the buyers will obtain suitable support to prolong recovery. Under the influence of this chart pattern, the Theta price should chase 38-40% and hit the $2.31 mark.

Also Read: Bitcoin, ETH, XRP Saw $5.7 Bln Inflows Ahead Big Developments

Advertisement

Technical Indicator 

  • Bollinger Band: The Bollinger Band indicator challenge on the upside reflects the aggressive momentum in this asset.
  • Average Directional Index: The ADX slope at 39% indicates the buyers may trigger a minor pullback to regain strength and maintain a sustainable rally.
Advertisement

Related Articles

Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025
  • Price Analysis

PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?

The PUMP price has regained market attention following renewed whale activity and a confirmed breakout…

October 24, 2025
  • Price Analysis

Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide

Dogecoin price has crashed in the past few weeks as it moved into a bear…

October 23, 2025
  • Price Analysis

Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?

The Solana price has regained stability above $180 after several volatile weeks. SOL price continues…

October 23, 2025