Thena Soars with Binance and MEXC Listings
Thena (THE) has experienced a meteoric rise, surging 547% in the past 24 hours to trade at $1.38 as of 3:20 a.m. EST. The surge in volume reached $88 million, a staggering 35,547% increase.
Binance's announcement that Thena will list on its platform with trading pairs such as THE/BTC and THE/USDT has fueled market enthusiasm. This news has generated anticipation of increased liquidity and wider adoption.
MEXC exchange also listed Thena on November 26, adding to the bullish momentum.
Short-Term Correction Possible
The THE/USD chart on the 4-hour timeframe exhibits a parabolic ascent following the listing announcements. The price has surged to $1.38026, with a recent high of $1.52183. This move comes after a period of consolidation below $0.35.
Moving averages indicate a bullish trend, with the 50-period MA crossing above the 200-period MA, forming a golden cross. The MACD indicator reinforces this outlook, with a positive histogram.
However, the RSI reading of 85.57 suggests the Thena price is in overbought territory, indicating potential for a pullback or consolidation.
Support and Resistance Levels
Key support levels include $1.00 and $0.3268, while immediate resistance lies at $1.5218. A break above this resistance could push the price towards $2.00.
Pepe Unchained Presale Raises $54 Million
Amid Thena's surge, investors are flocking to Pepe Unchained (PEPU), which has raised over $54 million in its presale. Pepe Unchained aims to revolutionize the Pepe brand with a faster blockchain and lower fees. The platform's native token, PEPU, will power these enhancements.
Pepe Unchained's Potential
An analyst from 99Bitcoins highlights the potential for Pepe Unchained to deliver up to 100x returns. The platform prepares for exchange listings, which could trigger a significant price surge.
Buy PEPU Now
Investors can purchase PEPU tokens through a widget on the project's website. PEPU is priced at $0.01295 and can be acquired using ETH, USDT, BNB, or a bank card.