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🔷️ We mentioned #THE# ( @ThenaFi_ ) around the $0.25 level, and after a strong rally, it has entered a correction and accumulation phase. On the weekly chart, it recently broke out of a parallel channel and is currently in a re-test phase. At the same time, a cup formation continues to develop. Both patterns align technically, with the yellow lines being potential resistance zones to monitor.
📈 Positive Technical Indicators:
MACD: Bullish crossover, momentum strengthening
RSI: Around 59, showing healthy consolidation
ADX: Increasing trend strength
Moving Averages: 20-50-100 MAs are generating bullish signals
🔍 What is Thena?
Thena is a decentralized DEX built on BNB Chain using the ve(3,3) model. It supports AMM-based trading, spot & leveraged products, cross-chain functionality, and includes platforms like TheNFT. It offers tools tailored for both developers and users.
🪙 THE Token Utilities:
In-platform transaction fees
Liquidity incentives and governance
Use in NFT and dApp integrations
‼️ This content is for informational purposes only and does not constitute investment advice. Always conduct your own research and assess your risk before investing.
#Thena # THE# #BNBChain # Altcoin