ENA: Is $1.53 the next stop amidst THIS bullish trend?

AMB Crypto 10 months ago 249

contributor

Posted: December 13, 2024

ENA ($0.42)’s cup-and-handle breakout suggests a bullish target of $1.53, reclaiming $1.10 as support.
Positive MACD and ADX metrics offset declining network growth, supporting short-term rally sustainability.

Ethena [ENA] has gained significant traction with a remarkable 18.05% daily surge, attracting attention from traders and investors alike. Trading at $1.13 at press time, ENA successfully reclaimed the $1.10 level, a critical resistance that previously capped its price.

This move has sparked discussions about whether ENA can sustain its current momentum and target the $1.53 level, driven by strong technical and market dynamics.

Technical analysis: Cup and handle set the stage

ENA has brok...

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