🔻 $THE is under pressure today.
Price is at 0.2395, down by around 9%, which is a pretty sharp drop. If you look at the chart, it shows how THE tried to push up before, reaching a high of 0.2773, but couldn’t hold on.
After that, it slowly lost strength and fell off a cliff down to 0.2323, which is where buyers finally stepped in to give it a small bounce. Right now, it’s trying to stay above the average line at 0.2383, but there’s still a lot of hesitation in the market.
This kind of move is pretty normal after a good rally people take profits, others panic sell, and then the price needs time to settle. If it can stay above 0.2323, maybe we’ll see buyers come back for another try. But if it breaks below that, it might drop more to find stronger hands.
Just watching to see how it plays out. These are only my personal thoughts, not advice. 💛