⚓️ #Thena ( $THE ) @ThenaFi_

✍️ $THE, as we discussed when it was at $0.24, later rose to $0.27 and is forming a distinct cup formation on the chart. This formation features the classic “u” curve + a slightly descending “handle,” indicating a potential bullish continuation signal.

📈 Technical evaluation & strategy:

If the formation is completed, the target price is calculated by measuring from the bottom to the top; this means a potential of ~16 times the current level.

The resistance (top of the cup) and support (bottom–handle) levels marked with yellow lines are critical.

The stop-loss suggestion should be positioned close to the lowest level under the cup; the volume bar created should confirm the breakout by increasing during the handle’s volume decline.

⚙️ Protocol Strategy:

Thena aims for growth by offering liquidity and yield farming opportunities within the multi-chain DeFi + NFT ecosystem. The breakout of this formation could support this strategy, serving as both a technical and fundamental bullish signal.

‼️ This is not investment advice.

#Thena #THE #DeFi #NFT