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The Thena price surged 146% in the last 24 hours to trade at $3.41 as of 11:26 p.m. EST on trading volume that surged 94% to $120 billion.
Thena Price Gearing Up Towards A Bullish Rally
The Thena price analysis on the 1-hour timeframe shows that THE is currently on a strong bullish trend, evidenced by the parabolic rise from the $1.0 support zone. Despite plunging from the $4.0 resistance, the price now seems to be rebounding from the $2.86 support, according to data from GeckoTerminal.
The current rebound from the $2.86 support is forming what seems to be a rounding bottom pattern, which is typically a bullish trend reversal sign.
THE now trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the hourly chart, which supports the general bullish outlook.
Meanwhile, the Relative Strength Index (RSI) is at 66.95, indicating that the asset is nearing overbought conditions but not yet at extreme levels (overbought threshold: 70). The RSI shows that the price still has room for upward movement, but caution should be taken as the RSI approaches overbought territory.
The Average Directional Index (ADX) is at 54.94, which is very high. This suggests that the trend is extremely strong, which confirms the current bullish trend’s strength, with no signs of weakening yet.
Thena Price Prediction
According to the Thena price analysis, THE is currently on a bullish trend reversal, with the bulls aiming to push the token even higher. If the Thena price capitalizes on the major indicators, including the RSI and ADX, the bulls could push THE to the next possible target at $5.0.
However, if the bears take control of the price at this level, the Thena price could plunge back to the 50 SMA, around $1.79, acting as the immediate support level after $2.86.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST), which, according to an analyst on the YouTube channel 99Bitcoins with over 709K subscribers, is one of the best crypto crypto wallets in the market.
Best Wallet Presale Amasses Over $1.4 Million
Leading Web3 wallet Best Wallet (BEST) has raised an additional $400,000, bringing total funds raised to over $1.4 million.
Best Wallet is a Web3 crypto wallet that offers advanced features and an intuitive interface, setting itself apart from traditional wallets like MetaMask.
What sets Best Wallet apart are its superior features, including significantly lower fees and innovative tools like the “Upcoming Tokens” feature, which helps users identify potential hidden gems in the token space.
This tool has already proven its effectiveness, playing a vital role in the early success of Catslap (SLAP), which delivered an impressive 26x return for investors.
No more missing out on early-stage #crypto projects! 💸
With Best Wallet’s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app!
Download now! 👉 https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1
— Best Wallet (@BestWalletHQ) October 26, 2024
The BEST token is the governance token of Best Wallet’s expanding ecosystem, which includes the wallet, Best DEX, and the upcoming Best Card. It is the key to unlocking a range of benefits designed to enhance the experience of every crypto wallet user.
Did you know? You can earn $BEST tokens by completing daily airdrop quests! 💸💸💸
The more points you stack, the more $BEST you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
Remember, daily quests reset everyday at midnight. Don't… pic.twitter.com/APEuMjfNZZ
— Best Wallet (@BestWalletHQ) November 9, 2024
Investors can currently purchase BEST for $0.022825. Buy now to lock in the best deal, as the price will increase in about 30 hours and continue rising as the presale progresses.
To join the presale, users must first download Best Wallet from Google Play or the Apple App Store, then tap on the Upcoming Tokens section to purchase BEST tokens.
To join the presale, download Best Wallet at the official BEST Token website here.
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