The post THENA Surges 144% After Binance Listing Announcement appeared on BitcoinEthereumNews.com.

Thena (THE), a DEX and liquidity layer on BNB Chain. It has seen a massive price rally of 144.53% in the last 24 hours. Binance Listing Drives THENA Price Rally THE’s price surged from $0.9600 to a high of $2.8830 and is now trading at around $2.4896. The price surge followed Binance’s announcement of its listing and airdrop for users who subscribed to Simple Earn Flexible or Locked products. 1-day THENA trading chart | Source: Tradingview As trading is expected to start soon, Thena is ready to leverage a global presence of Binance and high activity to support the advanced development of the DeFi platform. – Advertisement – THE’s trading volume has surged 1461% to reach $670.77 million and market capitalization has grown 327% to $189.82 million. Technical Analysis: THENA’s Bullish Momentum From THE’s daily chart, there is an aggressive bullish signal with the token way above the 13-day MA at $0.6243 and the 49-day MA at $0.3253. A golden cross is visible as the 13-day moving average is seen to be above the 49-day moving average. This cross signals the start of an upward trend. Both moving averages now act as dynamic support levels, with $0.96 serving as a key breakout zone for potential pullbacks. – Advertisement – The Money Flow Index which stands at 99.28, shows a great buying point and capital inflows into Thena. On the other hand, the MFI is overbought and as a result, a short-term consolidation or pullback may be expected before a new upmove. Key resistance lies at $2.8830, with potential targets at $3.50 and $4.00 if the rally continues. Meanwhile, $2.00 remains a critical psychological support level to watch. THENA’s Value Proposition and DeFi Impact THENA is a decentralized exchange and liquidity on the BNB Chain, where users can trade spot and perpetual…

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Filed under: News - @ November 29, 2024 12:27 pm