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The Thena price went parabolic with a 547% pump in the last 24 hours to trade at $1.38 as of 3:20 a.m. EST on a 35,547% surge in trading volume to $88 million.
The THE price surge follows Binance’s announcement that Thena will list on its platform, with trading pairs such as THE/BTC and THE/USDT. This news has sparked excitement among traders, highlighting expectations of increased liquidity and adoption.
🚀🚀New coin listing on #Binance! Thena (#THE $THE)
Binance will then list THE at 2024-11-27 10:00 (UTC)
and open trading with THE/#BTC, THE/#USDT, THE/#BNB, THE/#FDUSD and THE/#TRY trading pairs
🚀🚀Price $THE: $1.04 (5x)Binance is excited to announce the second project on… pic.twitter.com/q3kjI4mXvK
— New Coin Listing (@NewCoinListings) November 26, 2024
Adding to the bullish momentum, THENA also secured a listing on the MEXC exchange on November 26.
Thena Price Could Face Short-Term Correction
The chart for THE/USD on the 4-hour timeframe shows a parabolic rise following a prolonged period of consolidation, following the news of its listing on MEXC and Binance.
The price has surged to its current level of $1.38026, with a recent high of $1.52183. This move comes after the price remained range-bound below $0.35 for several days, indicating an accumulation phase that ultimately led to a breakout.
The moving averages further support the bullish trend. The 50-period moving average (MA) at $0.3268 has crossed above the 200-period MA at $0.2416, forming a classic bullish signal (golden cross). Currently, the price is trading far above these moving averages, indicating strong upward momentum.
THEUSD Analysis Source: Dextools.io
The MACD indicator reinforces this bullish outlook, with the MACD line at 0.2706 well above the signal line at 0.1628, and a growing positive histogram. This indicates that buying pressure is robust, and the uptrend remains intact.
However, the RSI reading of 85.57 places the Thena price in the overbought territory, signaling the potential for a short-term pullback or sideways consolidation. It’s worth noting that in strong trends, THE can remain overbought for extended periods before correcting.
The volume spike accompanying the breakout confirms strong buying interest, lending further credibility to the parabolic move. Key support levels to watch include the psychological level at $1.00 and the 50-MA at $0.3268, while immediate resistance lies at the recent high of $1.5218. Should this resistance be broken, the next target could be $2.00, a significant psychological level.
Pepe Unchained Presale Blasts Past $54 Million, Only 16 Days Left
As Thena price continues its bullish stance, investors are also flocking to the new PEPE derivative Pepe Unchained (PEPU), which has blasted past $54 million in a presale that has only 16 days left.
Pepe Unchained (PEPU) is set to redefine the Pepe brand in the crypto space.
By leveraging its proprietary blockchain, Pepe Unchained aims to deliver a token that’s 100 times faster than its Ethereum-based predecessor, Pepe (PEPE), while significantly reducing network fees. The platform’s native token, PEPU, will power these improvements, ensuring a smoother and more affordable experience for users.
Shh!🤫 We snapped an insider picture of Pepe coding his L2! pic.twitter.com/BxoCFauXH0
— Pepe Unchained (@pepe_unchained) November 26, 2024
To help advance its layer 2 blockchain, Pepe Unchained has introduced a developer grant program to fund innovative builders, encouraging the creation of cutting-edge Web3 applications within its ecosystem.
The platform is also expanding its offerings with the recent launch of its meme coin launchpad, designed to compete with Solana’s Pump.fun.
An analyst from the popular 99Bitcoins YouTube channel, which has over 710K subscribers, recently highlighted the potential for Pepe Unchained to deliver up to 100x returns once it launches.
Final Call: Buy PEPU Now Before Major Exchange Listings
Pepe Unchained is preparing for its market debut, sparking excitement among investors after the team announced plans for major exchange listings. This has fueled speculation about whether Binance or Coinbase might be among the platforms.
A listing on either of these prominent exchanges could potentially trigger a significant price surge for PEPU, similar to the sharp rally seen with PEPE following its listings on Coinbase and Robinhood recently.
POV: Pepe is visualizing breaking his chains and getting swole doing it!
It's only a matter of time now.. 🐸⛓🧠 pic.twitter.com/KZSq5KDdn1
— Pepe Unchained (@pepe_unchained) November 24, 2024
With the launch of Pepe Unchained scheduled for approximately December 13, investors have about 16 days to prepare for what could be one of the most significant meme coin launches of the year.
Interested buyers can purchase PEPU tokens directly through a user-friendly widget on the project’s website.
PEPU, priced at $0.01295, can be acquired using ETH, USDT, BNB, or a bank card.
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