Binance Technical Analysis: $THE
/USDT
The current price of THE/USDT stands at $1.7152, reflecting a solid gain of +21.81% in the last 24 hours. Let’s take a closer look at the technical outlook and three key price targets to watch:
1. Target 1: $1.80
The first key resistance level is at $1.80, a price point that the market is likely to test soon. If THE/USDT can maintain momentum, a break above this level could trigger further bullish movement.
2. Target 2: $1.82
A strong push could propel THE/USDT to the $1.82 level, the 24h high. This zone is significant, as a breakout here could signal continuation towards higher levels, solidifying the bullish trend.
3. Target 3: $1.90
If the price continues its upward trajectory, the next major target is $1.90, a psychological level that could act as a strong resistance. Achieving this target would be a confirmation of sustained upward momentum in the market.
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Key Observations:
24h High: $1.82
24h Low: $1.40
Volume (THE): 66.23M
Volume (USDT): 109.65M
The chart shows that $1.40 serves as a critical support, ensuring the market stays above this level could help maintain the current bullish sentiment.
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