【Market Insight: #the 】

#THENA (THE) has surged 146% in price over the past 24 hours, currently priced at $3.39, with trading volume skyrocketing by 94% to reach $120 billion.

Although the price has pulled back after hitting the resistance level of $4.0, it has begun to rebound from the support level of $2.86.

The current price of THE is significantly above the 50-day and 200-day simple moving averages (SMA), further supporting the bullish outlook for the market. Meanwhile, the Relative Strength Index (RSI) stands at 66.95, close to the overbought range (overbought threshold is 70). Although it has not yet reached extreme levels, it suggests there is still room for price to rise. It should be noted that as the RSI approaches the overbought area, caution should be exercised in short-term operations. On the other hand, the Average Directional Index (ADX) is as high as 54.94, indicating strong trend momentum, and the current bullish trend remains very solid, with no signs of a pullback yet.

#the is currently in a strong bullish trend, with bulls aiming to push the price further up to $5.0. However, if pressure is encountered at this level, key support levels to watch are: $2.86 and $1.79.