📉 $THETA (THENA) Daily Update
THE/USDT is trading around 0.0374 after a sharp drop from the 0.045–0.050 zone.
What I'm seeing on the 1D chart:
🔻 A big red candle came with a huge volume spike, which looks like panic selling.
🟢 The next candle held above the drop low, and a small green candle followed.
📊 RSI is sitting near the oversold area (~30).
📐 Price is respecting a short-term support line for now.
The trend is still down with lower lows, so I'm waiting for a daily close that confirms a bounce rather than guessing the bottom. If support breaks, the bounce idea is invalid.
What's your view: bounce or more downside? 👇
#THENA #THE #Binance #CryptoAnalysis #BinanceSquare
THE/USDT is trading around 0.0374 after a sharp drop from the 0.045–0.050 zone.
What I'm seeing on the 1D chart:
🔻 A big red candle came with a huge volume spike, which looks like panic selling.
🟢 The next candle held above the drop low, and a small green candle followed.
📊 RSI is sitting near the oversold area (~30).
📐 Price is respecting a short-term support line for now.
The trend is still down with lower lows, so I'm waiting for a daily close that confirms a bounce rather than guessing the bottom. If support breaks, the bounce idea is invalid.
What's your view: bounce or more downside? 👇
#THENA #THE #Binance #CryptoAnalysis #BinanceSquare
