$THE 31% price surge aligns with bullish technical signals, platform upgrades, and growing BNB Chain DeFi activity.
Technical breakout – RSI and MACD signal strong momentum
V3,3 upgrade traction – Modular liquidity improvements drive usage
BNB Chain momentum – Record DEX volumes post-Maxwell upgrade
Deep Dive
1. Technical catalyst
The price broke above key Fibonacci retracement levels (23.6% at $0.304) with:
RSI7 at 79.8 – Overbought but confirms intense buying pressure
MACD histogram +0.006685 – Bullish divergence accelerating since July 10
Price trading 54% above 30-day SMA ($0.258)
This technical strength correlates with a 375% surge in 24h volume ($205M), suggesting new capital inflows rather than pure speculation.
2. Platform developments
THENA’s V3,3 upgrade (launched May 22) appears to be gaining adoption:
Introduced modular liquidity pools and auto-compounding rewards
TVL grew 83% since upgrade to $22.31M (THENA)
Recent integration of Frax assets (June 26) expanded yield opportunities
The protocol also launched an Italian Telegram community on July 14, signaling regional expansion efforts (ThenaFi_).
Conclusion
THENA’s rally combines technical momentum with fundamental improvements to its ve3,3 model and BNB Chain’s broader DeFi growth. Watch whether the price holds above the $0.391 Fibonacci extension level as BTC dominance declines to 63.36%.
Could THENA’s social layer integrations help sustain this growth against competing DEXs?