Thena (THE) Sees Massive Boost Following Binance’s Listing Announcement

Over the past 24 hours, Thena [THE] has seen a massive boost following Binance’s announcement. Over this period, Binance announced it would list THE token.

Binance recently announced that it will list Thena (THE) token on its crypto exchange. This news has sparked massive excitement within the crypto community.

Binance will commence trading for multiple pairs, including THE/BTC, THE/BNB, and THE/USDT, on the 27th of November at 10:00 (UTC). This listing will open up trading for THE on these pairs.

This listing is a key factor in driving greater adoption and liquidity for Thena (THE), which is essential for its growth.

As anticipated, this upcoming listing has a significant impact on THE’s price. Following the listing, THE soared by 543.10% and was trading at $1.35, at press time.

Moreover, THE’s market cap surged by 954.58% to $103.68 million over the past day. This upsurge also saw its trading volume surge by a record 36674.80% to $56.19 million following the listing.

THE surged from a low of $0.20 to a high of $1.5. This upsurge was driven by increased demand as many investors purchased the altcoin.

The total number of holders has surged to 20.03k, according to Token Terminal.

We can further observe this demand through increased buying pressure. THE’s Relative Strength Index (RSI) surged to a record high of 96.31, indicating strong buying activity.

This buying dominance has pushed the altcoin to strong upward momentum, evidenced by a rising DMI that hit 64.15.

Finally, Thena is experiencing strong positive sentiment as suggested by Market Prophit. Crowd sentiment was at 0.213 with a Buzz score of 0.9419, indicating that investors are highly bullish and anticipate prices to rise with the listing.

In summary, Binance listing positions Thena to greater liquidity as it tends to attract more investors, which further drives prices up.

As such, with the listing and increased demand, THE could make more gains on price charts. Thus, with the newfound interest, THE could attempt a $1.6 resistance level.