Across Protocol (ACX) and Thena (THE) Gains Momentum Ahead Of Key Resistance: Are Breakouts On Horizon?

Date: Fri, Dec 27, 2024, 05:18 AM GMT

In the cryptocurrency market today, Across Protocol (ACX) and Thena (THE) are turning heads with impressive performances. ACX has climbed over 9%, while THE has seen a double-digit rally of over 22% in the past 24 hours.

Source: Coinmarketcap

Notably, both tokens were recently listed on Binance, and after undergoing a correction phase, their price action is now pointing toward potential upside momentum.

Across Protocol (ACX):

ACX has experienced a rollercoaster of price movements. The token reached a high of $1.86 after its Binance debut, only to correct sharply to $0.48. However, it has since reversed course and is now trading at $0.6362, sitting within a critical resistance zone between $0.61 and $0.66.

Across Protocol (ACX) 4H Chart/ Coinsprobe

If ACX continues its upward trend and successfully breaks above the $0.66 resistance level, it could aim for the next target at $0.85, representing a potential 29% gain from its current resistance zone high. A successful retest of the breakout level would further solidify this bullish move.

Thena (THE):

Following a similar trajectory to ACX, THE saw its price surge to $4.13 after its Binance listing but later dropped to $1.08 during a correction phase. It has now rebounded and is trading around at $1.57, resting within a key resistance zone between $1.55 and $1.68.

Thena (THE) 4H Chart/ Coinsprobe

If THE manages to break through the $1.68 resistance level and confirm the move with a retest, it could target $2.63 as its next resistance. This would equate to a potential 56% upside from the current resistance zone high.

Are Breakouts on the Horizon?

Both ACX and THE exhibit strong upside momentum, supported by technical indicators like the MACD showing signs of a rebound. This suggests that breakouts could be on the horizon if the tokens maintain their current trajectories and breach key resistance levels.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions in cryptocurrencies.

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