Theta Network (THETA) is currently priced at $0.196585, reflecting a 7.07% decline in the last 24 hours. The price has fluctuated between a daily high of $0.211543 and a low of $0.196033, indicating a tight trading range of 0.01551%.

Trading volume stands at 4,479,645 THETA, which constitutes 2.28% of the market cap, suggesting a relatively low interest compared to recent trading sessions. The hourly moving averages indicate downward pressure, with the 8 SMA at $0.1996 and the 13 SMA at $0.2009, both showing negative trends.

The 1-hour RSI is at a critically low level of 10, indicating that THETA is significantly oversold in the short term. Conversely, the 7-day RSI is at 45, suggesting a neutral momentum, while the 14-day price change shows a minor decline of 4.72%.

Over the past 30 days, THETA has decreased by approximately 34.71%, reflecting a longer-term bearish sentiment. The cryptocurrency remains far below its all-time high of $15.72, which emphasizes the extent of the current market downturn.

Considering these technical indicators and the declining price trend, the market sentiment is predominantly bearish. Therefore, based on the current analysis, a Sell rating is warranted, as further price corrections may be likely in the near term.