$THETA /USDT just slid into a critical demand zone and the pressure is obvious.
Price is trading around 0.289 after a steady bleed from the 0.296 rejection. The move wasn’t impulsive at first, but the final push down came with expanding volume, signaling real selling interest rather than random noise. The current level is now being tested as short-term support.
On the 15m timeframe, price is below MA7, MA25, and MA99, keeping the structure firmly bearish. The MA stack above price shows overhead pressure, and the downward slope of MA99 confirms the broader short-term trend is still pointing lower.
Volume spiked on the breakdown into 0.289, which often marks either capitulation or the start of another continuation leg. What happens next depends on whether buyers defend this level.
Key levels to watch: Support: 0.289 then 0.285
Immediate resistance: 0.292
Major resistance: 0.295 to 0.298
If 0.289 holds, a technical bounce toward 0.292–0.295 is possible. A clean break below 0.289 would likely open the door for further downside toward 0.285.
This is a high-tension area. The next few candles will show whether this is exhaustion or just another pause before continuation...
