During the past 24 hours, there has been a substantial increase in the value of Thena [THE] subsequent to the announcement made by Binance. Binance revealed that it would be adding THE token to its platform, leading to heightened excitement among traders who anticipate enhanced liquidity and broader market exposure.
Binance has declared that trading for various pairs including THE/BTC, THE/BNB, and THE/USDT will commence on the 27th of November at 10:00 (UCT). The listing of THE by Binance stands as a pivotal moment for this altcoin, setting the stage for wider adoption and increased liquidity, both of which are pivotal for its growth.
How Did THE’s Price Charts Respond to This Development?
As predicted, the impending listing on Binance has had a significant impact on THE’s price charts. Subsequent to the announcement, THE has skyrocketed by 543.10%, reaching $1.35 at the current moment.
Moreover, the market cap of this altcoin has surged by an impressive 954.58% to $103.68 million in the last 24 hours. This surge has also led to a remarkable increase in trading volume, skyrocketing by 36674.80% to $56.19 million post-listing.
From a low of $0.20, THE’s value surged to a peak of $1.5 owing to heightened demand from investors seeking to acquire the altcoin.
The total number of holders has notably risen to 20.03k according to data from the token terminal, reflecting a surge in demand and adoption of this altcoin.
Furthermore, the increased buying pressure reflects the rising demand for THE. The altcoin’s Relative Strength Index (RSI) has climbed to an all-time high of 96.31, indicating a strong buyers’ market.
This dominance by buyers has propelled the altcoin to a solid upward trend, as evidenced by a rising DMI that has reached 64.15.
Thena is currently enjoying positive sentiment, indicated by Market Prophit data. The crowd sentiment is recorded at 0.213 with a Buzz score of 0.9419, denoting high bullishness among investors who anticipate further price uptrends post the listing.
In conclusion, the listing on Binance positions Thena for increased liquidity, attracting more investors and consequently driving up prices. With the newfound interest and rising demand, THE is poised to potentially surpass the $1.6 resistance level on the price charts.