Price Analysis

THETA Price Clutching bears, Know Where MATIC And EOS Will Land Today!

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Highlights

    THETA price remains in a downtrend, daily movement occurring with pullback continues.

    MATIC price stumbles towards the nearest low, will it be power backed?

    EOS price keeps oscillating with highs and lows, when will the fluctuation barrier break?

THETA Price Falls Flat, Will the Bulls Rally?

THETA token, the native cryptocurrency of Theta network, had its price flowing in a parallel channel between $8.0 and $9.5, for the past few days. The bulls did not rally further from this point to the $10 mark. Lately the price has been moving downwards reaching close to $8.9624, deviating even from the previous range. With a significant amount of downward pressure, the bears have lined up earlier today.

THETA

At the time of typing, the THETA price is $8.4589. In the early hours, the price fell flat to $8.713 and surged slightly to $8.8674. No sooner did this happen, it began plunging to $8.333. Currently that line is linear again. In the coming hours, the price might surge slightly near $8.5 and fall from there towards $8, continuing the current trend pattern.

Technical Specifications

  • The resistance value is at $ 9.239
  • The support value is at $ 8.706
  • The indicators point out a neutral signal

MATIC Price Falls Down the Curve Again

In the last 24 hours, the Polygon price dipped greatly, falling from $1.444 to $1.379, straight. Subsequently, the pressures balanced, putting MATIC price linearly. The trade resumed today, where the price was maintaining flat after which it dropped further to $1.344. Currently, the movements appear to have flipped into a bearish trap.

MATIC

At the time of typing, the MATIC price is $1.366. In the early hours, the price began sailing at $1.385 and further dipped. Currently, with some bullish candles lined up, the price is seen crawling up from $1.344. In the coming hours, the price may either soar near $1.38 or continue being bearish and stay flat at $1.368.

Technical Specifications

  • The resistance value is at $ 1.386
  • The support value is at $ 1.375
  • The indicators point out a neutral signal

EOS Price Fails To Overcome Setbacks

For the past week, the EOS price was pulled back when it failed to surge above $5.394. From this point, the price has been moving south gradually touching $4.953, today. The downside pressure is seen suppressing every time the bulls try to rally, pushing to to close bearishly. 

Also read: EOS price prediction 2021, How high will EOS price reach?

EOS

At the time of writing, the EOS price is $5.063. In the early hours, the price hit $5.103, but got entangled again. Currently with some bulls lined up, the price is soaring gradually. But if it follows its current trend, the price might rise till $5.1 or above and begin to plunge from there. Or, if the momentum ceases, a possible pullback will cause the price to fall near $4.90.

Technical Specifications

  • The resistance value is at $ 5.239
  • The support value is at $ 5.047
  • The indicators point out a sell signal.
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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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