Theta Network (THETA) is currently priced at $0.346767, reflecting a 24-hour decline of 2.22%. The asset is trading within a narrow daily range of $0.012984, with a high of $0.358724 and a low of $0.34574, indicating limited volatility in the short term.

Trading volume stands at 14,206,586, which accounts for 4.10% of its market capitalization, suggesting a moderate level of market activity. The short-term moving averages are trending downward, with the 8 SMA at $0.3492 (-0.69%) and the 13 SMA at $0.3499 (-0.89%), indicating bearish sentiment in the immediate market.

The Relative Strength Index (RSI) values present a mixed picture; the 1-hour RSI is at a low 22, signaling potential oversold conditions, while the 7-day RSI at 49 reflects a neutral stance. However, the 14-day price change shows a substantial decline of 17.23%, and the 30-day price change is even more concerning at -28.80%, indicating a strong bearish trend over a longer period.

From a technical perspective, THETA has failed to maintain upward momentum, with all moving averages currently positioned above the current price, reinforcing the bearish outlook. Moreover, the significant gap from its all-time high of $15.72 suggests that the market sentiment is far from bullish, with little support at current levels.

Given the combination of negative price momentum, a bearish short-term moving average setup, and low RSI readings indicating potential further downside, the current market dynamics do not favor an immediate entry point. Therefore, the recommendation for Theta Network (THETA) is to Sell, as the asset is currently experiencing a downward trend with limited signs of recovery.