THE +71.36% in 24 Hours Amid Sharp 7-Day Decline

On SEP 2 2025, THE rose by 71.36% within 24 hours to reach $0.3575. The token, however, has seen a 242.01% drop over the last seven days, a 236.38% decrease over the past month, and a staggering 7990.86% drop in the last year.

Technical indicators show a pronounced short-term reversal, with the RSI surging from oversold levels to a neutral zone in the span of a day. The 50-period and 200-period moving averages remain in a bearish alignment, with the 50-period line lagging well behind the 200-period. The MACD, meanwhile, has just crossed into positive territory for the first time in weeks, signaling potential bullish momentum. These conflicting signals—short-term optimism against a prolonged bearish trend—suggest a market in flux.

Analysts project that the recent spike in THE’s price may be driven by a sudden liquidity injection or a strategic on-chain event, though no such event is confirmed in public records. The sharp rebound stands in contrast to broader historical trends, which have shown a consistent decline since early 2025. The one-month performance of -236.38% indicates a market still struggling to regain confidence, despite the 24-hour rebound.

Backtest Hypothesis

A recent backtesting strategy aimed at identifying short-term reversals in assets with similar technical profiles to THE was evaluated for its potential applicability in this market environment. The strategy focused on a combination of RSI divergence, a breakout above the 20-period SMA, and a positive crossover in the MACD line. These elements were used to trigger long positions, with stop-loss orders set at key support levels. The historical data for THE over the past 12 months would suggest a high-risk, high-reward profile, given the persistent bearish trend and the sudden nature of the recent 24-hour rally. The backtesting results, though not disclosed here, would provide insight into whether such a strategy could have captured the upward spike while mitigating the subsequent drawdown.