BullishBanter
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THE/USDT Analysis: Major Sell-Off with Key Levels to Watch
But here Give buying opportunity for sure to hit back $2.5
THE/USDT is currently trading at $1.7995, experiencing a significant -24.79% drop in the last 24 hours. After reaching a high of $2.4041, the price has plummeted, hitting a low of $1.5457. This sharp decline reflects heightened selling pressure, with trading volumes surging to over 60.53M THE, indicating intense activity.
The price appears to be testing critical support near $1.44. If this level fails to hold, a further decline toward $1.20 or lower could occur. However, a bounce from this support could drive a recovery attempt toward $2.00, with resistance levels near $2.40 serving as the next major barrier for upward momentum.
Traders should approach with caution, as volatility remains high. Focus on monitoring volume and market sentiment for signs of a potential reversal or continued downward trend. Proper risk management is crucial to navigating this volatile situation.
#THEusdt #DownTrendStarting #MarketCorrection #BuyTheDipOrWait
THE/USDT is currently trading at $1.7995, experiencing a significant -24.79% drop in the last 24 hours. After reaching a high of $2.4041, the price has plummeted, hitting a low of $1.5457. This sharp decline reflects heightened selling pressure, with trading volumes surging to over 60.53M THE, indicating intense activity.
The price appears to be testing critical support near $1.44. If this level fails to hold, a further decline toward $1.20 or lower could occur. However, a bounce from this support could drive a recovery attempt toward $2.00, with resistance levels near $2.40 serving as the next major barrier for upward momentum.
Traders should approach with caution, as volatility remains high. Focus on monitoring volume and market sentiment for signs of a potential reversal or continued downward trend. Proper risk management is crucial to navigating this volatile situation.
#THEusdt #DownTrendStarting #MarketCorrection #BuyTheDipOrWait
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