Theta technical analysis

Overall trend: THETA is in a strong downtrend on the 1D and 1W timeframe, with the price having dropped more than 10% in 24h. The price has hit a low of 0.750 USDT in the past 24 hours and is showing signs of slight recovery. Technical indicator:

1. EMA (Exponential Moving Average) The price is still below the short-term and long-term EMA lines (7, 25, 99), indicating that the downward trend still prevails. On the 1H and 4H frames, the price is retesting the EMA(7) line but there is no sign of a breakthrough yet.
2. MACD (Convergence Divergence) 1H and 4H: The MACD line is crossing above the signal line, indicating that buying pressure may be returning in the short term. 1D and 1W: MACD still remains below 0, indicating that the long-term downtrend has not been broken.
3. Trading volume There is an increase in buying volume in the 1H and 4H time frame, which could support a short-term recovery. However, the volume has not yet truly exploded to confirm a strong reversal. Conclusion & Trading Strategy: Short-term (1H - 4H): If the price continues to hold above the range of 0.80 - 0.83, there may be an expected rebound to the nearest resistance levels of 0.88 - 0.92 USDT. Long-term (1D - 1W): The downward trend still dominates. If the price cannot recover strongly, there is a possibility of retesting the 0.75 USDT bottom area or lower. You can consider short-term trading if the price holds steady at the current support level. However, if you are a long-term investor, you need to wait for clearer reversal signals.