Theta Network is a first-tier blockchain and decentralized infrastructure for video and artificial intelligence. Developers have proposed to users to share the computing power of their equipment and receive payment for it. Theta helps media companies reduce costs. The project is supported by Google, Samsung, and Sony.
Theta Network has become one of the most successful projects in the decentralized physical infrastructure network (DePIN) segment. Its tools are in demand, and the project team is supported by major companies. Therefore, the project's own token — THETA — has growth potential.
As of May 18, the THETA token ranks 52nd on the CoinMarketCap rating with a market capitalization of $2.2 billion. The coin is traded on Binance, Bybit, OKX, and other major cryptocurrency exchanges.
The THETA chart shows a price recovery after a prolonged decline. At the same time, the low base effect is preserved. Entry at the current level ($2.234) is possible upon confirmation of a bounce from support at $2. An alternative is to wait for a breakout of resistance at $3 with subsequent confirmation.
A stop-loss can be set slightly below the $2 support level, for example, at $1.90. The first take-profit level is around $3, corresponding to the nearest resistance. The second take-profit is possible at $4.
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