THETA retraces after marking a monthly high at $8.20

The Theta price analysis is bearish for today as the coin is retracing after going as high as $8.20 yesterday, showing good performance and marking a monthly high. Even after the decline, Theta is still trading above the price threshold, which was set after the famous 7th September flash crash, when Theta fell from $9.2 to $7.0 and remained below the psychological $7 handle. Today’s price depreciation is also steep as the selling of Theta assets has gained momentum, intensifying with every passing hour.