Theta Network (THETA) is currently priced at $0.202822, reflecting a 24-hour decline of 1.61%. The price has oscillated between a high of $0.209413 and a low of $0.199552 in the past day, indicating a daily range of 0.009861%.

The trading volume over the last 24 hours stands at 5,629,178, contributing to a volume-to-market cap ratio of 2.78%. Short-term moving averages show downward momentum, with the 8 SMA at $0.2051 (down 1.09%) and the 13 SMA at $0.2054 (down 1.27%), suggesting bearish sentiment in the immediate term.

The Relative Strength Index (RSI) readings indicate oversold conditions with a 1-hour RSI at 31, while the 7-day RSI is at 49, showing a lack of strong directional momentum. Price changes over the past week have been modestly positive at 1.83%, but the 14-day and 30-day price changes reveal declines of -5.35% and -34.35%, respectively, pointing to a longer-term bearish trend.

Theta Network's all-time high remains significantly distant at $15.72, recorded in April 2021, which highlights the substantial drawdown from its peak. The current price level suggests that THETA is trading near its recent lows, indicating potential for support around $0.199552.

Given the current market conditions, THETA is experiencing bearish pressure with short-term moving averages declining and a low RSI indicating oversold territory. However, the lack of strong selling volume and the potential for a price rebound at current support levels suggest that a short-term recovery could be possible.

Overall, the analysis leads to a Hold rating for THETA. While there are signs of overselling, the longer-term trend remains negative, and traders may want to monitor for signs of stabilization before considering a buy.