The cryptocurrency market is experiencing significant price fluctuations, with top altcoins showing constant volatility in their portfolios. The Theta Network's price has declined by 15%, erasing gains from a recent increase and highlighting volatility in the crypto space.

After a neutral trend, the Theta Network's price surged by 36.67% but was rejected above the $3.135 resistance level. Following this, the price faced volatility and peaked at $3.590 before losing momentum.

The price then fell to its low of $2.445 in March, but bulls regained strength, leading to a breakout above the resistance level. The coin has since been trading between $2.695 and $3.135.

The MACD indicator shows a decline in the green histogram, signaling increased selling pressure in the market. There is a possibility of a bearish convergence, indicating potential negative price movements ahead.

If the price remains above $2.905, bulls may push it towards the $3.135 resistance level. However, failure to do so could result in a further decline towards $2.695 and even $2.445 in the coming weeks.