Could Theta Go All The Way Down To $2.90?

in #leofinance2 years ago

Right now, the cryptos are having a new bloodbath, Theta is down 10% and Bitcoin and Ethereum are down at least 5% each. This could get pretty ugly for Theta, especially if the support level of $3.49 were to break. If that would be the case, we are probably going down to around $2.90 which is where we have the next monthly pivot point. And that level is quite interesting since that corresponds with the long term supporting trendline and that could be the low of the bull flag formation we have had for about 8 months.

Link to Medium article:
https://medium.com/theta-network/meet-the-winners-of-the-theta-hackathon-796501144381

Link to Theta tweet about Hackathon:

And down here is the Twitter account for CoinGecko:
@CoinGecko

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Yes it could. I have been holding bags since 22 cents. They have been staked on GPool for a long time. I actually don't care too much what the price is before the next BTC halving. Same for tfuel, BTC ect.

Cheers

Cool, I bought my first Theta in 2018 around 10 cents, never sold any as of yet.

It will be an interesting 2022 for sure...