THETA/USDT Bounce from the demand. Could THETA Continue Upward ?

13 בינו׳

💎 THETA's recent market performance has garnered a lot of attention. Presently, it has shown a strong recovery from a key demand area, highlighted by the closure of the daily candle with a robust green signal.

💎 If this recovery proves to be a solid indicator, THETA might be poised for an upward trend, potentially reaching the designated bearish OB area.

💎 However, should THETA fail to maintain this upward trajectory and revisit the demand zone, it will be crucial for it to demonstrate resilience and rebound from this level. A failure to do so, resulting in a breakdown of this area, could signify a shift away from the current bullish trend.

💎 In such a scenario, THETA can enter a downward phase, moving towards a support area and potentially even reaching a lower, stronger support region. The market's response at these critical junctures will be essential in determining THETA's future course.