Theta Network (THETA) To Continue Rebound? Key Harmonic Pattern Signaling an Upside Move

Date: Sun, April 27, 2025 | 05:20 AM GMT After a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. ETH is up 14% over the past week, and this bullish momentum is now spilling over into major altcoins. One such altcoin making a noticeable comeback is Theta Network (THETA). After experiencing a heavy sell-off, THETA has surged by 10% over a week—cutting its year-to-date losses down to about 67%. And now, a key harmonic pattern is forming, hinting that the recovery may not be over just yet.

Source: Coinmarketcap Harmonic Pattern Signals More Upside Move The daily chart for $THETA , viewed through Heikin Ashi candles, reveals a Bearish Cypher pattern — a harmonic structure that often signals a bullish continuation up to a key reversal zone. The structure began at point X, which marked a rejection from the March 26 high of around $1.02. From there, the price plunged sharply to point A, bounced back to point B, and then dipped again deeply to point C, bottoming out around $0.6028 on April 22 — marking a brutal 41% correction from the X point.

Theta Network (THETA) Daily Chart/Coinsprobe (Source: Tradingview) Currently, THETA is building the final CD leg with strong upward momentum, steadily pushing prices higher. If the Cypher pattern plays out as expected, the next major target is point D, aligning with the 78.6% Fibonacci retracement of the X to C move — sitting around $0.9368. From the current price of $0.7180, this would represent a potential upside of about 30%. What’s Next for THETA? THETA is now approaching a critical resistance zone during this CD leg — an area that could either trigger profit-taking or, if bulls remain strong, fuel a sharp breakout higher. Before it can target point D, THETA needs to overcome the first major hurdle around $0.7651, which coincides with the 0.382 Fibonacci retracement level. A clean breakout above this zone could provide the momentum needed to sprint towards the final Cypher target near $0.9368. On the technical front, the setup looks promising: MACD: A bullish crossover is currently active, signaling growing buying pressure and supporting further upside movement. If buyers stay in control and the broader market remains bullish, THETA could soon surprise investors with an even sharper recovery. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.