⚓️ #THE ( @ThenaFi_ ) is currently around 0.2446 USD, showing strong support at the 0.24 USD level despite a 5.4% drop in the broader crypto market. During the day, it fluctuated between 0.2655 and 0.2423, and maintaining this level is an indicator of investor confidence. In technical analysis, RSI is around 45, indicating that selling pressure has weakened and a suitable environment for reaction purchases has formed.
📉 Despite the pullback in Bitcoin and Ethereum, THE's narrow-volume squeeze structure and ongoing consolidation around 0.24 USD is positive. Option-based volatility and liquidity outflows across the crypto market may increase the risk of manipulation in such altcoins.
💡 In the short term: Staying below 0.24 USD could signal technical weakness. On the upper side, breakouts above 0.27 USD could open the door for reaction purchases.
‼️ This is not investment advice.
#THE #altcoin #crypto