Theta Token Holds Support Zone with Renewed Momentum After 11% Weekly Jump
- THETA price surged 11.11% and is retesting a major support zone that triggered rallies in 2021 and 2023.
- The current support sits at $0.7784, with strong resistance noted near $0.8321 and multiple targets ahead.
- Previous rallies from this level returned 571% and 2,717%, suggesting historical momentum at this chart setup.
Theta Token (THETA) is trading around $0.8157 after a sharp 11.11% gain, signaling renewed interest at a key weekly support. This price action arrives as the token revisits a historically reactive demand zone, where past movements triggered substantial rallies.
Notably, a similar structure in 2020 led to a massive 2,717% increase, while a 2023 retest fueled a 571% breakout. The chart now reflects a potentially critical juncture as traders watch whether THETA can replicate those prior upward trends.
The current market price places THETA between a defined support at $0.7784 and immediate resistance at $0.8321. Volume reached 24.07 million, indicating rising activity at the base structure. Historical precedent, combined with current technical levels, sets a familiar environment for speculation. However, attention remains focused on whether the price can breach the nearest resistance to initiate momentum toward higher resistance bands.
THETA Holds Key Zone as Fibonacci Targets Signal Upside
Beyond the current price band, the next notable resistance levels lie at $1.45, $3.18, $5.71, and $14.10. These zones reflect past reversal levels and also correspond to Fibonacci-based technical projections. The chart shows the previous two major surges both started from this same demand zone, with explosive movements following weekly candle confirmations. Each historical pattern followed a compression phase, a breakout from downtrend structures, and aggressive upside.
Presently, THETA is testing this critical zone again. Chart analysis shows this level has held firm over several market cycles. Any move below $0.7784 would invalidate this current pattern, signaling potential re-evaluation by market participants. However, for now, the price remains above this level, and the chart still reflects a structure similar to past surges.
Theta Maintains Uptrend as Price Tests Key Resistance
As of July 12, 2025, Theta’s price range sits between $0.702 and $0.830, according to Binance data. The price increase of 4.8% over the past 24 hours confirms ongoing strength in the short term. Resistance zones, as marked on the chart, suggest layered profit-taking zones if the asset continues to move higher. Each target aligns with prior rally peaks, adding further technical context to current speculation.
The setup remains intact unless the price breaks below the support base. Until then, traders will likely monitor volume behavior, candlestick formations, and price action around the $0.8321 resistance. Each successful test of resistance could create short-term opportunities toward the long-term resistance targets displayed on the weekly chart.
