#Thena #THE #THEUSDT At first, the action starts slow. In this case—Thena —THEUSDT on the daily timeframe—we have a gradual rise since the 30-November higher low. Every single candle has been hitting higher prices. (These are 3D candles.)
Overtime, the bullish bias becomes stronger; buyers start to show up; market sentiment rises as prices continue to climb slowly, excitement also grows. It is like a cooking stove. The heat is causing pressure to build up and then boom!, a major advance.
We are at the start of this process. Not only Thena of course but this is true also for the other altcoins. I was thinking about all the memecoins that were extremely bullish just a few days ago, what happened with those?
If you look at PEPEUSDT, for example, you will notice that after strong growth we have two days red. Almost no change in price, a pause, the market continues extremely bullish...
If we go back to when the market was still bearish, each time there was any sort of bullish action it would be cancelled the next day. Right now we have strong bullish action, an entire week of candles closing green and the red candles are weak, not strong at all.
There you have it. This price dynamic reveals a strong bullish bias permeating the altcoins. What one does, the rest follows.
I noticed many traders overextended their margin and used too much leverage on the LONG side. The market is balancing this as well. This is all good and leads to additional growth.
We can gauge the strength of the market with the King and Queen of Crypto, Bitcoin is safely trading above $90,000, while Ether trades above $3,000. The bears are gone.
Namaste.
✅ Trade here on
$THE