THETAUSD Nearing Key Support Before Potential ReversalTheta Token / US DollarBINANCE:THETAUSDew-forecastTHETAUSD remains in a broader corrective structure, but price action on the weekly chart is now approaching an important technical confluence zone. The market is nearing the lower boundary of the descending channel, aligned with the 78.6% Fibonacci retracement. This area increases the probability of a reaction, especially as price appears to be completing the final subwave (5) of an impulse or wedge formation within wave C of a larger ABC zig-zag correction, where wave C also equals wave A. The ideal support region remains around 0.14 – 0.12, where the corrective structure could potentially exhaust. At this stage, there is no confirmed reversal yet. The first bullish signal would only appear on a sustained move above 0.62, which would suggest that the corrective phase has ended and a new bullish structure may be developing.