Will THETA break higher as bullish scenario remains probable?

Traders Union
All News
Crypto
Theta jumps 9.35% on tech breakthrough

Highlights

Theta Labs reduced the quantum computing resources needed to break Bitcoin and Ethereum cryptography by more than 25% compared to Google’s prior benchmark.
Theta Labs’ breakthrough in quantum security has boosted its profile in both blockchain development and crypto investment sectors.
THETA/USD is expected to consolidate in a $0.1943 to $0.2150977 range, with mixed short-term indicators but a 68% probability of an upward move.

Quantum security milestone elevates Theta Labs amid sector scrutiny

Theta Labs claims it has reduced the number of qubits required to break the elliptic-curve cryptography securing Bitcoin and Ethereum by over a quarter compared to Google’s previous estimate, according to Independentreserve. This technical milestone positions Theta Labs as an innovator in quantum computing security for the crypto industry, elevating its reputation within both blockchain development and investment circles. By demonstrating leading-edge capabilities, Theta gains sector attention that may foster new collaborations or ecosystem engagement.

Mixed momentum contrasts with resistance near short-term moving average

On the technical chart, THETA/USD is trading below the MA-20 at $0.206365, while remaining above the MA-50 at $0.19493 and the MA-200 at $0.1775175. The Ichimoku Kijun is acting as immediate resistance at $0.2061. Momentum signals are mixed: MACD indicates Strong Buy and ADX suggests Buy, both pointing to underlying strength. However, while RSI reads a moderately bullish 54, Stoch RSI shows an oversold condition and CCI is neutral, indicating some oscillator divergence. Bull/Bear Power reflects a prevailing Sell bias for intraday moves, and the Awesome Oscillator is neutral, highlighting the existence of caution amid otherwise positive momentum.

Bullish bias leads range outlook as breakout risk builds

For the next one to two trading days, THETA/USD is expected to fluctuate between $0.1943 and $0.2150977. The probability of an upward breakout is estimated at 68%, making the bullish scenario more likely than a correction lower, which has a 32% chance. The most probable outcome is consolidation within this defined range, with a potential upward move contingent on a clear break above resistance at $0.2061, while a slip below $0.1943 support would point to increased downside risk.

Anton Kharitonov, analyst at Traders Union, sees Theta’s technical setup as mixed despite the recent price jump. He notes that while Theta Labs’ quantum computing advancement boosts the asset’s profile, short-term resistance remains limiting. Oscillator signals are inconsistent and intraday risk is still present. "My base case is consolidation — until THETA/USD clears $0.2061 or loses $0.1943, I remain on the sidelines."

Earlier, analysts noted that Theta was facing continued short-term selling pressure despite maintaining supportive longer-term technical trends. The latest technical signals, combined with Theta Labs' advancement in quantum security, highlight a shift toward cautious optimism, with traders advised to monitor any decisive breakout above $0.2061 as a trigger for potential upside.

Source of Data: THETA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.