Is It Too Late To Buy THE? Thena Price Surges 146% And This Might Be The Next Crypto To Explode

The Thena price surged 146% in the last 24 hours and is currently trading at $3.41 as of 11:26 p.m. EST. Trading volume also surged 94% to $120 billion.

Thena Price Gearing Up for a Bullish Rally

Thena's price analysis shows a strong bullish trend on the 1-hour timeframe, indicated by a parabolic rise from the $1.0 support zone. The price has rebounded from the $2.86 support after a brief drop from the $4.0 resistance.

The current rebound from the $2.86 support is forming a rounding bottom pattern, which suggests a bullish trend reversal.

Thena trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bullish outlook.

The Relative Strength Index (RSI) is at 66.95, indicating that the asset is nearing overbought conditions but not yet at extreme levels (overbought threshold: 70). The RSI suggests that the price still has room for upward movement, but caution should be taken as it approaches overbought territory.

The Average Directional Index (ADX) is at 54.94, indicating a very strong trend. This confirms the bullish trend's strength, with no signs of weakening yet.

Thena Price Prediction

Thena is currently in a bullish trend reversal, with bulls aiming to push the token even higher. If Thena capitalizes on favorable indicators like the RSI and ADX, the bulls could target $5.0.

However, if the bears gain control, Thena's price could drop to the 50-day SMA around $1.79, which provides immediate support after $2.86.