$THETA

Moving Averages:The price is currently below the 200 SMA, indicating a bearish trend.The 200 SMA is acting as a dynamic resistance level around 1.288, and the price is struggling to maintain above it.

RSI (Relative Strength Index):The RSI is currently at 45.08, showing neutral to bearish momentum.RSI levels below 50 suggest that the market may continue its downtrend if no bullish catalyst appears.

MACD (Moving Average Convergence Divergence):MACD line is slightly below the signal line with values around 0.000 and -0.001, respectively, indicating bearish sentiment.Weak momentum suggests potential consolidation or continuation of the downtrend.

Support and Resistance Levels:Strong support zone identified around 1.100.Resistance is found near the 1.300 - 1.400 area.Failure to break above resistance could lead to retesting the support zone.

Bullish Scenario:A breakout above the 200 SMA and the resistance zone around 1.300 could indicate potential for further upside.If MACD crosses positively and RSI moves above 50, the bullish momentum could strengthen.

Bearish Scenario:If the price fails to hold above 1.100 support, it may indicate a continuation of the downtrend.Additional bearish pressure might lead to a test of lower levels if support fails to hold.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider risk management before making any trading decisions.