Binance Labs Announces New Altcoin It Invested In! Price Started to Rise!
Investment Announcement: Binance Labs has invested in THENA, a decentralized exchange and liquidity protocol on the BNB Chain, aiming to enhance security, scalability, and user experience in DeFi.
Future Plans and Impact: The investment will accelerate THENA's development, user acquisition, and partnerships, with expectations of significant growth in the DeFi space, as indicated by a rise in THENA's price following the announcement.
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Technical Analysis for THE
Technical Sentiment Analysis for THENA (THE) As of , THENA (THE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for THE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, THE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
THENA (THE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.111 | 0.159 | 0.201 | 0.249 | 0.29 | 0.338 | 0.38 |
| Fibonacci | 0.159 | 0.193 | 0.214 | 0.249 | 0.283 | 0.304 | 0.338 |
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