• Thu. Feb 29th, 2024

Will Theta Network’s THETA rally higher ahead of its version 4.0.0 hardfork tomorrow?

THETA is up by more than 2% in the last 24 hours and could rally higher ahead of its hardfork tomorrow.

THETA, the native coin of the Theta Network, is outperforming the broader cryptocurrency market at the moment. The coin has added more than 2% in the last 24 hours, making it one of the best performers amongst the top 50 cryptocurrencies by market cap.

The positive performance comes ahead of a major upgrade on the blockchain. The Theta Network team announced a few hours ago that its v4.0.0 hardfork would take place tomorrow, November 3rd.

The Theta team previously revealed that the hardfork is for the main chain, which is the existing Theta mainnet. The upcoming hardfork is a prerequisite for the December 1st Metachain launch.

The broader cryptocurrency has been underperforming after a positive start to the week. The total crypto market cap remains above $1 trillion but has lost more than 2% of its value in the last 24 hours. 

Bitcoin continues to trade above the $20k psychological level despite losing 1% of its value so far today. Ether is also down by more than 3% in the last 24 hours and is now trading above $1,500.

Key levels to watch

The THETA/USD 4-hour chart is bullish, as Theta has been performing well over the last few days. The technical indicators show that Theta is outperforming the broader crypto market.

THETA/USD Chart By TradingView

The MACD line is within the positive region, indicating that THETA is currently bullish. The 14-day RSI of 58 also shows that THETA could enter the overbought region if it continues with its rally.

At press time, THETA is trading at $1.211 per coin. If the bullish trend continues, THETA could cross the first major resistance level at $1.3988 before the end of the day.

However, the bulls could find it hard to surge past the second major resistance level at $1.6038 in the near term without the support of the broader cryptocurrency market. 

Where to buy THETA now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.


Buy THETA with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users.

It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets.

On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.


Buy THETA with Capital.com today

The post Will Theta Network’s THETA rally higher ahead of its version 4.0.0 hardfork tomorrow? appeared first on CoinJournal.