Theta Network (THETA) is currently trading at $0.210495, reflecting a 24-hour decline of 3.57%. The daily price action shows a high of $0.224319 and a low of $0.209721, indicating a narrow daily range of 0.014598%.

The volume stands at 7,682,922 THETA, which corresponds to a trading volume relative to market cap of 3.65%. Short-term moving averages exhibit bearish trends, with the 8 SMA at $0.2178 down 3.35%, and the 21 SMA at $0.2201 down 4.35%, while the 144 SMA shows a slight bullish divergence at $0.2083, up 1.03%.

The 1-hour RSI is critically low at 13, suggesting the asset is oversold in the very short term. In contrast, the 7-day RSI at 52 indicates neutral momentum, though the 7-day price change of 1.73% and the 14-day decline of 3.89% show a short-term recovery against a longer-term bearish trend.

Over the last 30 days, THETA has experienced a significant decline of 32.05%, reflecting ongoing bearish sentiment and potential market challenges. This is further underscored by the stark contrast to its all-time high of $15.72 reached in April 2021, highlighting a severe loss of value over time.

Given the current bearish indicators across multiple time frames, alongside weak trading volume and oversold conditions, the outlook for THETA appears cautious. A Hold rating is recommended as the current price may present a short-term buying opportunity, but the prevailing downtrend warrants careful monitoring for potential entry points or exit strategies.