THETA increased by 10% when AI tokens were collected.
Theta Network, a decentralized cloud platform for artificial intelligence, media and entertainment, is one of the top performing projects in the market today. Analysts predict high potential for THETA price, with support expected around $1.8
According to data from CoinGecko, the native Theta Network (THETA) token has risen more than 10 percent in the past 24 hours at the time of writing.
Theta's price gains come as the broader AI sector registers higher. Over the past day, bulls have boosted the value of several AI-powered projects and meme coins, targeting new campaigns ahead of what could be a few months to come.
Proximity Protocol (Near), Internet Computing (ICP), RENDER (RENDER), Artificial Superintelligence (FET) and Virtualization Protocol (VIRTUAL) were all green in the last 24 hours and weeks. These developments have seen tokens such as ai16z, aixbt and Fartcoin rally, the AI meme sector making huge gains even as the AI agent market heats up.
What's Next for Theta Network Value?
THETA reached $2.41, retesting the resistance level seen on December 24th and 25th. But the chart pattern formation to watch for is the ascending triangle. A breakout could see the Theta Network's price rally close to 50%, and recent shares of X share in a rosy premium signal.
If the price is negative, key support levels will be around $2.16 and below, $1.8. Specifically, THETA dropped to $1.76 on December 20th.
Theta Token ($THETA/USDT) is trading at $2.419, showing strong potential after retracing from the Fibonacci 0.618 retracement zone. The price is targeting $2.941 (T1) as the first resistance, followed by $3.337 (T2) and $3.759 (T3). Fibo zone at $1.800 remains crucial… pic.twitter.com/AvvPVoC90S
— Rose Premium Signals 🌹 (@VipRoseTr) December 25, 2024
Decentralized cloud AI project Theta is seeing buying pressure amid this overall positive sentiment. Theta Network's key partnerships and integrations, including recent deals with the University of Oregon's Dystopia Lab and shipping platform FlyQuest, could be a catalyst.
Theta EdgeCloud is trusted by leading academic institutions and enterprises – find out who's using the decentralized cloud for AI, media and entertainment pic.twitter.com/KakezYFG49
— Theta Network (@Theta_Network) December 20, 2024
In October of this year, Dystopia Lab announced that it will use Theta EdgeCloud in AI research, especially in AI model training. Meanwhile, FlyQuest said it is partnering with Theta to launch an AI esports chatbot.
