$THE cools after a vertical impulse, but the structure beneath the pullback remains constructive. Price exploded from the 0.2194 base, tagged 0.2613, then shifted into controlled digestion rather than panic selling — a key difference. Bollinger Bands show expansion already spent, with price now compressing just under the mid-band at 0.2415, signaling balance rather than weakness. The series of small-bodied candles reflects indecision, yet sellers have failed to force a breakdown toward the lower band near 0.2350. Volume tells the real story: the impulse was backed by strong participation, while the pullback volume is fading, hinting at seller exhaustion. As long as 0.235–0.238 holds, this looks like a bull flag forming after an aggressive leg up. A reclaim of 0.247–0.250 would reopen the path toward the highs, while a loss of support likely sends THE into range-bound consolidation, not trend failure.

THE

--

--