Theta Network (THETA) saw a dip today, falling by 5.7% to trade at $0.6825. Trading volume over the past 24 hours also declined sharply, dropping 22.76% to $15.69 million. Despite today’s red candle, THETA is still up 3.97% over the past week, showing signs of underlying strength in market sentiment.
Short-term pressure has come from cautious investors reacting to market-wide corrections. Yet, some see this as just a breather before the next leg up. Analysts are watching key price levels closely, especially with potential for breakout movement that could reshape THETA’s 2025 outlook.
THETA approaching key resistance level
Crypto analyst Jonathan Carter notes THETA is nearing the top of a descending channel on the daily chart.It breaks resistance sharply and passes the 50-day moving average, then we could get a bullish wave. There are strong bullish targets pointed out by Carter at $1.00, $1.25, $1.75, and even $2.10, but the trader should wait for confirmation.
The technical setup appears favorable, but momentum remains fragile. Traders will likely watch for volume spikes and price strength before acting. The market’s recent volatility may make or break this setup, depending on how THETA behaves at its resistance line.
THETA expected to reach $2.61 in early 2025
According to DigitalCoinPrice, THETA might surge to $2.61 in early 2025, hinting at a possible return to major highs. They project that by year’s end, THETA could hover between $1.37 and $1.50, climbing past several key resistance points. Investors backing this view see long-term use cases for THETA that could support a rally beyond $1.50.
Conversely, Changelly presents the more pessimistic outlook. In July of 2025, they predict the average price of THETA to be $0.8593, lows of around $0.6805, and highs of up to $0.9365. This implies a small increase from current rates, with estimated returns ranging from 24% to 35.2%. Such disparity among the forecasts indicates the still-looming uncertainty regarding THETA’s future trajectory.
