๐ท๏ธ #THE ( @ThenaFi_ ) maintains the cup formation we discussed earlier, showing no change in the overall outlook. Additionally, the previously broken ascending channel has been reclaimed.
๐ Fibonacci retracement levels (yellow lines) indicate potential resistance points if the upward movement continues.
๐ Key Technical Indicators:
โ MACD (Weekly): Positive and maintaining upward momentum.
โ ๏ธ RSI (~52): Neutral zone; a move above 55 could indicate renewed bullish strength.
โ OBV (On-Balance Volume): Trending positively, supporting the price.
โ ๏ธ Stochastic RSI: Recovering from oversold, but no bullish crossover yet.
๐ Overall, the structure remains moderately positive. Reclaiming the ascending channel is crucial for continuation of upward momentum.
โ ๏ธ This content is not investment advice. Crypto assets are highly volatile; please do your own research.
