THENA gears up for May 22 V3,3 upgrade with bullish setup; what’s next?

The crypto market is buzzing with optimism as Bitcoin hit an all-time high of $109,000 . At the same time, BNB Chain’s business and trading hub, THENA, prepares for its V3,3 upgrade, scheduled to go live tomorrow, May 22. The upcoming upgrade aims to transform how governance, rewards, and liquidity operate in decentralized finance (DeFi). THENA @ThenaFi_ · Follow 1/ THENA is about to go through its biggest upgrade yet. V3,3 will be live with new UI and voting later tonight.It brings modularity, automated rewards, and custom strategies. Built for capital efficiency with all stakeholders in mind.Read our blog or the thread below to 4:03 PM · May 21, 2025 122 Reply Copy link Read 15 replies Amidst bullish ecosystem developments, attention has shifted to charts. One analyst highlighted possible THE/USD bullish reversals. Notably, the alt has secured reliable support at $0.21 – $0.24 on the 4H chart after extended declines. A rebound from this foothold could propel THE to the target of $0.68, translating to an approximately 120% surge from current prices of $0.3105. THENA’s V3.3 upgrade: what’s new? THENA is a BNB Chain-based liquidity layer and DEX that offers perpetual and spot trading for various assets. THE Liquidity Marketplace, which utilizes the ve(3,3) model, is at the center of the THENA ecosystem. With the latest upgrade, THENA aims to transform DeFi governance and liquidity management, aligning with its goal of a modular and self-optimized network. The announcement indicated: “With V3,3, THENA becomes faster, more agile, and more flexible than ever. From governance to liquidity provision (LP) mechanics, the system is primed for long-term scalability and sustainability.” Meanwhile, the update introduces Plugins – modular smart contract features that allow liquidity pools to fine-tune dynamically depending on prevailing market conditions. The Plugins include volatility-linked fees that adjust based on market movements and sliding fee scales, offering a supple pricing model. Moreover, users can brace for the upcoming Brevis ZK Plugin that leverages zk (zero-knowledge) proofs to offer fee discounts based on user identity. The Plugins resemble Uniswap’s “hooks,” which launched with the V4 upgrade early this year . Furthermore, THENA’s V3.3 upgrade launched a Unified Gauge System. The update enables manual CLPs (concentrated liquidity providers) to stake non-fungible tokens (NFTs) and earn THE rewards. THE price outlook: Is a 120% move impending? The native token appears ripe for bullish breakouts as the blockchain prepares for the key upgrade. THE changes hands at $0.3105, ready for an explosive surge. Crypto trader James Melville shared a 4H THE/USDT price chart highlighting a persistent decline from late 2024. Source – James Melville on X That saw the alt plummeting from $5 with lower lows and lower highs inside a descending channel. Nevertheless, the latest price action indicates a possible momentum shift to the upside. THENA has secured a reliable support floor at the $0.21 – $0.24 range. The alt has tested this level several times, and buyers have joined to defend it every time. THE’s current price of $0.3105 places it inside the descending trendline, with consolidation signaling possible bullish breakouts. Breaching the trendline resistance might trigger rallies to the chart’s target of $0.68, a 119% gain from current prices. However, the $0.21 support remains vital for THE/USD. Losing this barrier will cancel the bullish pattern and welcome bearish price actions. The current market sentiments, as Bitcoin eyes a closing above $110K, support THENA’s bullish trajectory. The post THENA gears up for May 22 V3,3 upgrade with bullish setup; what’s next? appeared first on Invezz

Source: Invezz