THE/USDT Market Performance Overview
The image depicts the price trend of THE/USDT over a one-month period. The current trading price is $2.6939, representing a sharp decline of 8.73% in the last 24 hours. The trading range for the day spans from $2.6482 to $3.1363, highlighting significant volatility. The trading volumes reflect heightened activity, with 80.75 million THE tokens exchanged, corresponding to a value of $234.94 million USDT. The average price (AVL) during the observed period is $2.6953, aligning closely with the current market level.
The technical analysis shows a bearish trend. The Moving Averages (MA) over 5 and 10 periods reveal a downward trajectory, emphasizing sustained selling pressure. The MACD histogram indicates weak momentum, with the DIF and DEA lines diverging into negative territory. The RSI, currently at 36, suggests that the asset is nearing oversold conditions, potentially signaling an opportunity for a short-term rebound. Traders should remain cautious, as further declines could occur if key support levels are breached.