Despite experiencing a deeper retracement last year, THETA token is currently positioned above its lows for 2023. This indicates that it may potentially be in a larger A-B-C flat correction phase.
Analysis reveals that THETA could return to its March 2024 highs, with bullish momentum expected. A substantial breakout above 1.74 USD is crucial for sustaining positive trends.
Investors should remain alert for pullbacks, particularly during wave (2) as the price action unfolds. Monitoring these movements will be essential as the five-wave impulsive cycle develops.
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