Within the last day, Thena [THE] has experienced a substantial uptick after the announcement of its listing on Binance. This declaration by Binance has generated considerable excitement in the market, with traders foreseeing improved liquidity and broader market exposure.
Binance has revealed that trading for various pairs like THE/BTC, THE/BNB, and THE/USDT will commence on November 27th at 10:00 (UTC). The listing signifies a crucial step for this altcoin, setting the stage for increased adoption and enhanced liquidity.
The Impact on THE’s Price Movement
The anticipated listing has had a remarkable effect on THE’s price action. Post-announcement, THE has surged by a significant 543.10% and is currently trading at $1.35.
Additionally, the altcoin’s market capitalization has skyrocketed by an impressive 954.58% to $103.68 million in the past 24 hours. This surge in value has correspondingly led to a remarkable 36674.80% increase in trading volume, now standing at $56.19 million post-listing.
After hitting a low of $0.20, THE has climbed to a peak of $1.5 on strong investor demand for the token.
The number of THE holders has risen to 20.03k, as reported by the token terminal, indicating growing demand and acceptance of the altcoin.
Furthermore, the surge in demand is reflected in heightened buying pressure. THE’s Relative Strength Index (RSI) has surged to an all-time high of 96.31, suggesting a dominant buyer presence.
This dominance has propelled the altcoin towards a robust upwards trend, as evidenced by a rising DMI reaching 64.15.
Market sentiment surrounding Thena is overwhelmingly positive, as indicated by Market Prophit data. Crowd sentiment stands at 0.213 with a Buzz score of 0.9419, reflecting high bullish sentiment and the anticipation of a price uptrend following the listing.
In essence, Binance’s listing provides Thena with increased liquidity, attracting more investors and subsequently driving prices higher.
Therefore, with the listing and growing demand, THE could potentially see further price gains. As interest continues to grow, THE may seek to breach the $1.6 resistance level.