Breaking: Ethena ($ENA) Surged 21% Today- What Next?

129
The synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument native token Ethena (ENA), saw its price surge by a whooping 21% today amidst the three white crow pattern that appeared on the daily price chart hinting at increased buying pressure.

Ethena, weeks back was down losing almost half of value, bulls took advantage of the dip and capitalize on the oversold nature of ENA, presently placing the RSI at 58 which is neither overbought nor oversold but hints at a continuous buying pressure.

In the case of a market pull back, ENA might find support in the 78.6% fib retracement level, similarly, a break above the 1-month high could pave way for a new resistance point with massive influx of buyers in the long term.

Ethena Price Live Data
The live Ethena price today is $0.439498 USD with a 24-hour trading volume of $758,695,169 USD. We update our ENA to USD price in real-time. Ethena is up 16.02% in the last 24 hours, with a live market cap of $1,416,695,330 USD. It has a circulating supply of 3,223,437,500 ENA coins and the max. supply is not available.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.