š Technical Analysis on $THE š
$THE has shown strong movement recently, climbing to $2.93 after hitting its all-time high at $4.10 last week. Hereās a concise outlook:
Bullish Predictions š
1. Breakout above $3.10 could aim for $3.50.
2. Strong buying momentum may push toward $3.80.
3. $4.00 remains a psychological resistance to test again.
4. If volume sustains, ATH at $4.10 might be retested.
5. Parabolic move possible toward $4.50 if market sentiment improves.
Bearish Predictions š
1. Drop below $2.75 may lead to $2.50 support.
2. Weak inflows could target $2.20.
3. Failing $2.00 would signal strong selling pressure.
4. MACD crossover hints potential dip to $1.85.
5. $1.50 becomes critical if broader market weakens.
Key News Updates š°
ā¢ DeFi Expansion: Thena has announced plans to integrate new liquidity pools, which could drive buying pressure.
ā¢ Token Unlock: A significant portion of tokens is set for unlocking in Q1 2025, which may add sell pressure in the near future.
ā¢ Partnerships: Thena is reportedly exploring collaborations with major DeFi protocols, potentially boosting adoption.
Key Stats:
ā¢ Circulating Supply: 78M $THE
ā¢ Vol/Market Cap: 205.81% š§
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