On February 12, 2025, #Thena Coin ( $THE )Technical Analysis: Bullish Signs Amidst Short-Term PullbackThena ( $THE ) formed a bullish Marubozu candlestick pattern, indicating strong buying pressure. However, on February 13, it faced some downward movement, with the price dropping to $0.698. Despite the pullback, Thena is holding above its 21-day Exponential Moving Average (EMA), which is acting as a key support level.
Key technical points:
Support Level: $0.61 (Fibonacci retracement level)
Resistance Level: $1.80 (recent high)
Stop-loss: If Thena falls below $0.61, consider setting a stop-loss to mitigate further downside risk.
Target: If Thena sustains above $0.61, it could move towards the resistance level of $1.80 in the coming weeks.
Price Prediction:
Short-Term: Thena is expected to test the $1.80 resistance level if it holds its support above $0.61 in the short term. A move toward $1.80 could unfold within the next week or two if bullish momentum continues.
In summary, Thena $THE
is testing key support at $0.61 and could see a strong rebound toward $1.80 if it sustains above this level. A failure to hold above $0.61 could risk further downside, but the overall outlook remains positive if support holds.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. #Cryptocurrency investments are highly speculative and come with significant risks. Always do your own research and consult with a professional financial advisor before making any investment decisions.
