THETA Outpacing Bitcoin With 1000% Gains Since March Crash
In the past two weeks, many altcoins have seen notable momentum, with Theta Token (THETA) and Theta Fuel (TFUEL) making particularly impressive gains. THETA has increased more than 1000% since its Black Thursday crash, while TFUEL has advanced more than 1150% in the span of one week. As Bitcoin continues to struggle to regain its footing, investors are starting to take notice of these other alts and wondering if they will rise similarly in response.
Theta Token reaches new highs, but is it time to buy?
Are you looking to buy THETA token? You should know that the altcoin has experienced a huge surge in recent months, with its price increasing significantly. Binance recently announced their support for the token's mainnet upgrade, sparking the question of if this is another 'buy the rumor, sell the news' event. After such a peak rally, it is important to note that a correction and retracement are heavily needed. Therefore, it is best to avoid entering coins at these zones with such an overextended price move. The primary zone to watch would be around $0.165 - $0.237 where there was a confirmed support/resistance flip around $0.165 before the surge began.
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