$ENA Bullish sentiments 🔥🔥🔥🔥🔥
Ethena (ENA) is currently showing promising bullish signs despite a minor short-term dip, trading around $0.38.
Technical indicators like the RSI near 50 and a positive momentum score suggest the potential for upward movement.
ENA is also trading above both its 50-day and 200-day simple moving averages, a traditional bullish signal.
A golden cross has recently formed, where the 50-day SMA crossed above the 200-day SMA, reinforcing bullish sentiment.
Analysts predict ENA could reach $1.50–$1.60 in the near term, aligning with key resistance levels.
forecasts are even more optimistic, with targets around $1.75 by April 2025. Trading volumes remain high, and whale activity hints at strong accumulation. Overall, ENA appears well-positioned for growth if market momentum continues.
