Theta Network (THETA) is currently priced at $0.35016, reflecting a 24-hour decline of 1.52%. The asset's daily trading range was tight, with a high of $0.359846 and a low of $0.348863, indicating limited volatility.

The volume stands at 11,918,514, contributing to a market cap volume ratio of 3.41%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages reveal a bearish trend, with the 8 SMA at $0.3556 showing a decline of 1.52%, while longer-term SMAs like the 144 SMA at $0.3631 are down 3.57%.

Momentum indicators indicate oversold conditions, with the 1-hour RSI at 30, suggesting potential short-term price corrections. The 7-day RSI at 48 reflects a neutral stance, while the 14-day and 30-day price changes of -17.12% and -25.61%, respectively, indicate significant bearish momentum over the longer term.

Theta Network's price is still substantially below its all-time high of $15.72, reached in April 2021, highlighting the extent of the current downtrend. Despite a slight positive change of 1.74% over the past week, the overall trend remains bearish as indicated by both the longer-term price changes and the moving averages.

Given the current technical indicators and the ongoing bearish sentiment reflected in the moving averages and RSI readings, a cautious approach is warranted. Therefore, the rating for Theta Network (THETA) is a Hold, as the asset may experience further downside pressure before a potential reversal can be confirmed.