Theta Network (THETA) is currently priced at $0.350139, reflecting a 24-hour decline of 4.59%. The asset is experiencing a daily range of $0.021966, with a high of $0.367618 and a low of $0.345652, indicating significant short-term volatility.

Trading volume stands at approximately 12.89 million, representing 3.68% of the market cap. The recent performance shows a mixed picture; the 1-hour RSI is at 39, suggesting potential oversold conditions, while the 7-day RSI is neutral at 50, indicating indecision in market momentum.

Moving averages reveal bearish trends in the short to medium term. The 8 SMA is slightly positive at +0.13%, but the 13 SMA shows a decline of -0.42%, and the 21 SMA is down -1.21%, indicating potential resistance at higher price levels.

The longer-term trends are concerning, with the 30-day price change at -26.65%, suggesting a strong downward momentum. However, the 14-day price change of -1.24% indicates that the asset might be stabilizing after a period of decline.

The all-time high for THETA is $15.72, reached in April 2021, indicating significant distance from its previous peaks. Current market conditions suggest that THETA has not yet found a solid base for recovery, as indicated by recent price action and the broader market sentiment.

Based on the analysis of price action, moving averages, and relative strength indicators, a Hold rating is advised. While short-term trading opportunities may arise, the overall trend suggests caution until there are signs of a more sustained recovery.