๐ $THE/USDT Weekly Technical Analysis โ Potential Bottom Formation?
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๐ Current Price: $0.2611 (+9.16%)
๐ ATH: $4.1855 | ๐ ATL: $0.1682
๐ Candlestick Analysis:
$THE has been in a prolonged downtrend since its explosive debut, retracing from over $4 to a low of $0.1682. However, the current weekly candle shows signs of stabilization and a small bullish attempt โ a potential bottoming structure may be forming.
๐ EMA Insight:
EMA(7): $0.2758
EMA(25): $0.6663
Despite the bearish gap between EMA(7) and EMA(25), price is attempting to reclaim EMA(7), signaling early buyer interest. A weekly close above EMA(7) could initiate a slow bullish reversal.
๐ RSI(6): 35.27
The RSI is creeping upwards from oversold levels, a potential signal of bullish divergence and accumulation phase. Once RSI crosses 40 with momentum, it could confirm a medium-term trend shift.
๐ฎ Forecast & Watchlist Potential:
If the $0.25โ$0.26 support zone holds, we could see a short-term breakout toward $0.35โ$0.45. Mid-term resistance sits near $0.66 (EMA25). Watch for volume spikes and bullish engulfing candles for confirmation.
๐ก๏ธ Risk Note:
Trend is still bearish; only risk what you're willing to lose. Confirmation is key โ patience will be rewarded.
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