{"id":605213,"date":"2024-11-28T07:02:20","date_gmt":"2024-11-28T07:02:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605213"},"modified":"2024-11-28T07:02:20","modified_gmt":"2024-11-28T07:02:20","slug":"is-it-too-late-to-buy-the-thena-price-surges-146-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-the-thena-price-surges-146-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy THE? Thena Price Surges 146% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/span><\/p>\n

Thena Price Gearing Up Towards A Bullish Rally<\/h2>\n

The <\/span>Thena price<\/span><\/a> 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 <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

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.<\/span><\/p>\n

THE now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the general bullish outlook.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Thena
THEUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Thena Price Prediction<\/h2>\n

According to the Thena price analysis, THE is currently on a bullish trend reversal, with the bulls aiming to push the token even further above. 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.<\/span><\/p>\n

However, if the bears take control of the price at this level, the Thena price could plunge back to the 50-day SMA, around $1.79, acting as the immediate support level after $2.86.<\/span><\/p>\n

Meanwhile, investors who are looking for diversification opportunities might consider the newly launched<\/span> Best Wallet (BEST)<\/span><\/a> presale, which, according to an analyst on the YouTube channel 99Bitcoins with over 709k subscribers, says is his favorite crypto wallet.<\/span><\/p>\n