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The Thena price went ballistic with a 327% pump in the last 24 hours to trade at $0.9285 as of 7:17 a.m. EST as investors FOMO buy the altcoin.
Introducing Thena $THE on #Binance HODLer Airdrops!
Read more 👉 https://t.co/TG6Gox0rMf pic.twitter.com/ElKNNLCvmz
— Binance (@binance) November 26, 2024
The surge in the THE price comes after leading crypto exchange Binance announced that it will welcome the token to its platform.
Thena Price Breaks Through Multiple Technical Barriers
Daily chart for THE/USD (Source: GeckoTerminal)
The Thena price blasted through multiple resistance levels in the last 24 hours and soared to an intraday peak of $1.3280. Since reaching this high, THE has pulled back and is now attempting a challenge at the $0.9506 resistance level. Closing today’s daily candle above this barrier could give the crypto the necessary foundation to continue rising in the short term.
However, closing today’s trading session below $0.9506 might trigger a wave of profit-taking from traders. In this alternative case, the Thena price could end up testing the closest support level at $0.6484. Continued sell pressure might then force the altcoin to back within the consolidation channel it was in prior to the surge between $0.1533 and $0.3044.
Bulls Still Have A Tight Grip On The Thena Price
Technical indicators on THE’s daily chart suggest the crypto could keep climbing through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.
In the last couple of days, the MACD line crossed above the MACD Signal line. This specific technical event is seen as a major bullish flag that signals a positive shift in an asset’s momentum. Traders reacted to the recent bullish crossover as expected, leading to the surge in the Thena price.
Buyers seem to have a tight grip on the Thena price as well, with the Relative Strength Index (RSI) on the daily chart standing at 94. Although high RSI readings are usually seen as a sell signal, it is not unusual for RSI readings to remain this high for a sustained period of time when a crypto is pumping.
As the Thena price tries to establish a position above $0.9506, investors are flocking to layer-2 meme coin Pepe Unchained (PEPU) as speculation that it will be the next Binance listing grows.
A New And Improved Pepe About To Enter The Crypto Market
Pepe Unchained (PEPU) is on a mission to elevate the Pepe brand to new heights in the crypto space. Up until now, Pepe’s loyal followers have had to deal with Ethereum’s high transaction fees and slow processing times.
This painful transactional experience will soon be a thing of the past for Pepe lovers, as Pepe Unchained aims to migrate the meme to its own layer-2 network.
By giving Pepe its own proprietary chain, the project will launch a crypto that is 100 times faster than the outdated Ethereum-based version of the token. Additionally, Pepe Unchained will also slash network fees for the meme’s fans. This enhanced experience will be accessible through Pepe Unchained’s native PEPU token.
Beyond its layer-2 capabilities, Pepe Unchained will also facilitate the creation of the next generation of decentralized applications. This comes after the project’s team launched its developer grant program, which will give approved builders the necessary funding to create the next best Web3 app in the Pepe Unchained ecosystem.
That’s not all, however, as Pepe Unchained also recently unveiled its own meme coin launchpad to compete directly with Solana’s Pump.fun.
All of the recent developments have excited several crypto experts. Among them is an analyst from the 99Bitcoins YouTube channel, which boasts over 710K subscribers. In a recent video, the analyst said that Pepe Unchained could deliver 100X returns for investors.
Whales Scoop Up PEPU Amid Growing Speculation Of A Binance Or Coinbase Listing
Pepe Unchained is gearing up for its market debut, with investors at fever pitch following the team’s announcement that it’s headed for major exchange listings in less than 17 days. This has led many to ask whether a listing on Binance or Coinbase mis included in the liplatforms.
A listing on either one of these exchanges could lead to PEPU’s price surging, similar to how PEPE’s price skyrocketed after it was added to Coinbase. As such, whales have recently been rapidly-accumulating the meme coin during its ongoing ICO, which has raised more than $53.2 million already.
Lieutenant Pepe is here to save the day!
This giga soldier is getting the job done! 🐸🧠🔥 pic.twitter.com/WwZDlXS84n
— Pepe Unchained (@pepe_unchained) November 25, 2024
With the Pepe Unchained launch date set at around Dec. 13, 2024, investors have limited time left to position themselves for what will be one of the biggest meme coin launches this year.
Interest buyers can acquire the token via the simple widget embedded on the project’s website. Selling for $0.01295, PEPU can be bought with either ETH, USDT, BNB or bank card.
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