$THE has seen a 24-hour decline of 3.252%, trading within a range of 0.2529 to 0.237.
Currently, $the price is nearing the lower Bollinger Band at 0.2356, indicating potential support but also a risk of further downside.
Volatility is likely contracting as the price approaches the lower band, often indicating a possible reversal or stabilization.
A stop-loss should be placed just below 0.235 to manage risk effectively.
Traders should consider waiting for confirmation of support or set alerts for a potential bounce.
