Explaining Theta’s Unusual Volatility

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In Brief
  • THETA reached an all-time high price on May 27 and has been decreasing since.

  • The price is trading inside a short-term horizontal channel.

  • Cryptocurrency trader @postyXBT tweeted a THETA chart which shows a 50% decrease in a matter of hours.

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On May 27, the THETA price moved inside a range of 38%, between 4,207-5,813 satoshis, the latter value being an all-time high price. This day with significant volatility comes after an upward move that has been ongoing since May 20 and has seen the price increase by 150%. All-Time High Using the weekly chart, we can see that THETA consolidated for a period of 343 days, while generating
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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