๐Ÿ“Š $THE/USDT Weekly Technical Analysis โ€“ Potential Bottom Formation?

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๐Ÿš€ Current Price: $0.2611 (+9.16%)

๐Ÿ“‰ ATH: $4.1855 | ๐Ÿ“‰ ATL: $0.1682

๐Ÿ” 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.

๐Ÿ“ˆ 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.

๐Ÿ“‰ 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.

๐Ÿ”ฎ 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.

๐Ÿ›ก๏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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