THENA (THE) Price Prediction 2024-2030: Will THE  Price Hit $5 Soon?

• Bullish THENA Price prediction ranges from $3.6 to $5.
• Analysis suggests that THE  price might reach above $4.
• The THENA Bearish market price prediction for 2024 is $0.4.

THENA is an ecosystem that consists of a suite of products and services. THENA in particular is a spot DEX where users can purchase or swap tokens to earn a passive income. ALPHA, another product of the THENA ecosystem is a perpetual DEX that offers trading over 270 pairs of crypto with a leverage up to 60X. ARENA is a social platform for trading competitions that provides a gamified experience for users and growth hacking tools for THENA’s partners.

THENA (THE) Price Prediction 2024-2050 Overview

What is THENA (THE)?

Thena is a decentralized exchange (DEX) that operates on the BNB Chain, and offers a range of DeFi activities, like spot and perpetual trading for diverse assets. THENA’s standout feature is its Liquidity Marketplace, which leverages the innovative ve(3,3) model. 

This model empowers DeFi protocols to incentivize liquidity by giving them control over how $THE rewards are distributed. Protocols can fine-tune these rewards for specific liquidity pools, enabling dynamic strategies to manage liquidity effectively. This not only attracts liquidity providers but also boosts Total Value Locked (TVL), driving growth and strengthening the overall DeFi ecosystem.

THENA (THE) Price Analysis 2024

Will the THENA’s most recent improvements, additions, and modifications help its price rise? Moreover, will THENA’s ve(3,3)-liquidity-marketplace model help it gain value? Read more to find out about THENA ’s 2024 price analysis.

THENA (THE) Price Analysis – Bollinger Bands

The Bollinger bands are primarily three bands– the upper band, middle band and lower band. These bands expand and contract based on the market dynamics. The middle band is the average, while the upper band and lower band are the extreme ends that the price rises or falls to. Based on how the traders interact, the bands expand and contract. When the band expands, there could be a rise or fall of price by a huge margin. However, on the contrary when the band shrinks, there is not going to be much fluctuation in prices. 

After breaching the upper Bollinger band THENA seems to have fallen back on track. Nonetheless, the upward wicks show that there are still some buying THENA at a higher price. The price of THENA took off all of sudden after it was announced that there was going to be an airdrop to those who subscribed their BNB to Simple Earn Flexible or Locked products. It would be interesting to see how THENA will fair when all the excitement of the airdrop is gone. There is a probability that it could require support from the SMA in the short term.

THENA (THE) Price Analysis – Relative Strength Index 

The Relative Strength Index (RSI) indicator used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold (<30), many are selling, as such, its price is undervalued.

As shown in the chart above the RSI for THENA is highly overbought. It reads a value of 98 on the RSI indicator. This shows that there is high demand for THENA at the moment. This could be probably because of the airdrop on Binance for BNB holders. However, once all the excitement about the airdrop fades away, there is a high possibility that THENA could fall between the $0.25 and $0.5 range. The above statement could be supplemented as the RSI has been in the normal range when the price of THENA has been there and there about. 

THENA (THE) Price Analysis – Moving Average Convergence and Divergence (MACD) 

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

The MACD is in the positive region and is high above the SMA average (orange line) . This shows that THENA is performing well. However, as said in the earlier paragraphs, this is just an excitement that has been reflected on the indicators. Hence, traders may need to be wary about how THENA could react once things settle.

THENA (THE) Price Prediction 2024

The above chart shows that THENA has been fluctuating inside a falling wedge since mid- March and broke out from the wedge only by late October. Usually when a token breaks out from the falling wedge, analysts expect it to rise by the height of the wedge– from formation to break out as shown by purple arrows. As by the book, the rise should have hit the target at $0.7 after breakout. However, THENA rose above $0.7 and reached above $3. Now the question remains as to how much of it was a natural rise and how much of it was generated by the airdrop on Binance. Since this is not a price that THENA might stay for long, there is a high chance that it may fall below $0.4. On the flipside, if THENA keeps rising there is a high chance it may reach $4 and even $5.

THENA (THE) Price Prediction – Resistance and Support Levels

Since THENA is currently trading way above its usual price, there is a high chance that it could fall to support close to $0.35. However, in the event 0.35 support doesn’t hold THENA from falling, then it may look for support near $0.15, which is almost the floor price for THENA. 

THENA (THE) Price Prediction 2025

THE  may experience the after-effects of the Bitcoin halving and there is a high chance that it could trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, THENA will continue to rise in 2025 forming new resistance levels. It is expected that THENA (THE) will trade beyond the $3 level.

THENA (THE) Price Prediction 2026

As per the market cycle, it is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, the THENA could tumble into its support regions. During this period of price correction, THE  could lose momentum and be way below its 2025 price. As such, it could be trading at $1.25 by 2026. 

THENA (THE) Price Prediction 2027

During this period, the market would be healing from the deep lacerations of the bear. With traders being tentative, there might not be much movement in the market, as it consolidates. As such, we could expect THENA (THE) to trade at around $5 by the end of 2027. 

THENA (THE) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, THENA may reciprocate its past behavior during the BTC halving. Hence, THENA (THE) would be trading at $6.5 after experiencing a considerable surge by the end of 2028. 

THENA (THE) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, THENA (THE) could be trading at $12 by the end of 2029.

THENA (THE) Price Prediction 2030

After witnessing a bullish run in the market, THENA and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, THENA (THE) could be trading at $25.

THENA (THE) Price Prediction 2040

The long-term forecast for THENA Indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then THENA Could fall in value. It is expected that the average price of THENA (THE) could reach $50 by 2040.

THENA (THE) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such THENA (THE) could reach $80.

Conclusion

If THENA’s Liquidity Marketplace which uses the ve(3,3) model wins the heart of the investor and the crypto community, then there is a high chance that it could reach new heights in the long term. Nonetheless, as THENA is currently overbought, there could be a market correction coming soon and THENA could reach $0.5 very soon. 

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