This article was first published on Huobi Group - Medium
👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On — THETA
Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta is an open-source protocol purpose-built to power the decentralized streaming network and will allow for vertical decentralized apps (DApps) to be built on top of the platform to enable esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more. SLIVER.tv’s DApp will be the first application built on the Theta network leveraging its existing user base of millions of esports viewers.
📅 Upcoming Event:
🔹Dec. 10th — Smart contracts go live on Theta mainnet from coinmarketcal.com!
An early December pump gave THETA bulls 27% returns, with the price now returning to the December monthly open.
Both bears and bulls can point to attractive nearby targets, with short-term bears likely to set their sights on the lows near $0.57335 and the swing low at $0.5531.
A move to these levels could give bulls an excellent entry for a counter-move toward the highs near $0.75129, an area which has so far provided resistance.
However, there is little above this resistance to slow down a bullish trend — unless a tap of the equal highs near $0.79893 proves to satisfy larger players’ bullish appetite. On the other hand, the possible upward continuation from these highs opens the door to parabolic price discovery.
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Huobi Group - Medium