$ENA

Ethena (ENA) is currently priced at $0.587, showing a slight decline of around 2.7% for the day. Although it once reached an all-time high of $1.52 in April 2024, it’s now trading nearly 60% lower. Recently, a bullish engulfing pattern has appeared on the weekly candlestick chart, which may signal upcoming upward momentum, especially if the price can break through the $0.58–$0.62 resistance zone. Technical indicators, including RSI and MACD, support a bullish outlook, with most daily and weekly signals suggesting a Strong Buy based on trend strength and market sentiment.