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Cryptocurrency News Articles
Theta Network (THETA) Price Prediction 2025: Can THETA Hit $10 by December 2025?
Dec 30, 2024 at 12:04 am
Theta Network's recent decisions of late reaffirm its commitment to expanding its ecosystem and technological capabilities.
Theta Network, a blockchain-oriented video delivery platform, recently put out a significant update to its Edge Node software. The Edge Node Version 5.1.4, released on December 12, allows users to enjoy interesting, new features such as real-time alerts for rewards.
In light of this development, Theta’s continued focus on improving its network infrastructure could be a key factor in its price movement. Let’s take a closer look at what this update means for Theta Network and how it may affect THETA’s price going into 2025.
Theta’s Ecosystem Angled Towards Long-term Success
Theta Network’s recent decisions of late reaffirm its commitment to expanding its ecosystem and technological capabilities. The Edge Node v5.1.4 update, released on December 12, introduced real-time alerts for rewards and future update notifications. Consequently, the platform could see increased levels of user engagement.
In similar fashion, Theta Labs recently teamed up with FlyQuest, a North American esports organization, to launch an AI-powered chatbot called a.PHiD. This chatbot, powered by Theta EdgeCloud technology, aims to improve fan engagement by providing real-time information about matches, rosters, and other esports-related queries.
In the academic sphere, Theta EdgeCloud welcomed its 10th partner, Kyung Hee University, a prestigious South Korean institution. This partnership, along with collaborations with other leading universities, shows Theta’s growing influence in AI research and development.
It is not a stretch to insinuate that the aforementioned developments may be contributing to THETA’s recent price upswing. As Theta continues to demonstrate its utility and forge new partnerships, it may positively influence the AI token’s value in the long term.
THETA Technical Analysis: Examining Token’s Current Market Position
The 30-minute chart for THETA/USD reveals interesting price action over the past month. Currently trading at $2.34, THETA has formed a series of higher lows since mid-December, leaning towards a gradual upward trend. As seen in the trading chart, the token moves between two key price levels, showing resistance around $2.40 and support near $2.20.
On one hand, the Bollinger Bands spell out moderate volatility for the token, as the token’s price consistently bounces between the upper and lower bands. At the time of writing, the price action indicates a slight compression of these bands, which often precedes a significant move in either direction.
On the other hand, THETA’s MACD in the chart attached below hints at a subtle bullish crossover, with the MACD line (0.011) crossing above the signal line (0.005). This technical formation typically signals potential upward momentum, though the relatively small values suggest modest strength in the current trend.
THETA Trading Chart December 2024. TradingView
Looking at the immediate price structure, THETA appears to be testing the middle Bollinger Band ($2.37) as resistance. A successful break above this level could target the recent high of $2.45, while failure might see the price retesting support at $2.20.
Interpreting the technical setup from the charts, THETA shows signs of a slightly optimistic few weeks ahead, with the token maintaining its position above key support levels despite recent volatility. However, traders should take note of the decreasing volume pattern, which might indicate waning momentum in the current price action.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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