Theta currency can grow well given the positive news and good things ahead. The price is currently moving in a long-term channel, which has almost decreased in price from the ceiling of the channel to the midline of its bullish channel.
If the significant support of the mid-channel $ 9 and 38% Fibonacci is maintained, it can be defined as the buyer's loss limit for the $ 22 and $ 26 targets up to the channel ceiling.
If the price breaks below the $ 9 floor, it could drop to at least $ 5.5 to $ 4.5, where it will hit its long-term channel again and could grow significantly. Buying in the $ 10 price range (as close as $ 10) can be good for the medium term.
Due to recent market fluctuations, be sure to maintain losses and capital management in all your transactions.