$THE indicates a strong bullish momentum supported by high volume. However, with the RSI in the overbought zone, a short-term pullback or consolidation is likely before the next move. Traders should watch for a breakout above $2.89 for further upside potential or a dip below $2.02 as a sign of trend reversal.
Support Levels:
$2.0281: Recent consolidation zone.
$1.0301: The midpoint of the initial surge.
Resistance Levels:
$2.89: The 24-hour high, acting as the immediate resistance.
$3.0261: Next psychological level and potential breakout point.
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