Theta Maintains 7-Day Gains Amid Samsung Partnership

Theta Maintains 7-Day Gains Amid Samsung Partnership
  • Theta token is one of the cryptocurrencies that maintained its 7-day gains amid market indecision.
  • Theta is enjoying a 12.8% gain in the last 7 days.
  • Recently, Theta has partnered with mobile giant Samsung.

Theta Network’s (THETA) token has recently impressed the market with its strong support amid palpable market indecision. In fact, it is enjoying a 12.8% gain in the last 7 days.

THETA/USDT 1-hour chart (source: TradingView)

As seen on the chart above, Theta has recovered from a slight correction amid momentous gains in the last 7 days. Now, it is picking up the pace again and is ready for another rally.

The price gain is not even considered oversold yet, as suggested by its Relative Strength Index (RSI). in fact, THETA may have formed an imperfect Three Rising Valleys, which is a bullish signal. However, trading volume remains relatively weak compared to its surge in the first two to three days.

Meanwhile, the price recovery has been observed after Theta Network announced its partnership with mobile juggernaut Samsung.

Specifically, Samsung will be giving away NFTs to customers who will pre-order its new product releases, namely Galaxy S22 or its Galaxy Tablet S8.

At the time of writing, THETA price is $3.95, according to CoinGecko. In contrast, Bitcoin and Ethereum are down 0.5% and 0.07%, respectively.

In other news, fintech giant J.P. Morgan has launched its own virtual lounge at metaverse platform Decentraland.

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