One of the biggest gainers is Theta Token, which gained 1,000% since the crash on Black Thursday, March 12.
The second token of the Theta platform is called Theta Fuel has also surged more than 1,150% in a matter of one week.
Theta Token reaches new highs, but is it time to buy?As the candles are getting greener and greener, people are getting triggered by FOMO, hype, and emotional bias towards entering these strong altcoin rallies.
THETA made an 80% crash in March, after which the lows were tested and confirmed for support, again.
The range support at 0.00001000 sats held, after which the price surged towards the range high.
The second token on the Theta platform is called Theta Fuel and it started to rally significantly in the past week, alongside with the main token.
If the price holds the 0.00000155-0.00000160 sats level as support, a likely new rally could occur towards the range high, which is 0.00000240-0.00000280 sats.
Another argument is the decreasing volatility of Bitcoin as the top ranked cryptocurrency on CoinMarketCap is hovering inside a range and unlikely to break out of that range soon.
Bitcoin rejected the $9,300 level and started to continue dropping down, while the price is currently approaching the support areas and the range low.
As long as Bitcoin remains inside this range structure and has a decreased volatility, the markets are ideal for altcoins to continue moving.
FOMO Risk? THETA Outpacing Bitcoin With 1000% Gains Since March Crash
gepubliceerd op May 25, 2020
by Cointele | gepubliceerd op Coinage
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