🚀 Ethena Eyes the $1.00 Mark — Bullish Run Intensifies 🚀
The Ethena ($ENA) rally is showing no signs of slowing down. 📈 As of Monday, the token has surged 6%, marking its highest price in the past six months and extending its bullish streak to six consecutive days. The next big psychological milestone? $1.00 — and the market is watching closely.
📊 Technical Signals Are Flashing Green:
EMAs Point Upward — Both the 100-day and 200-day Exponential Moving Averages are rising, hinting at the potential formation of a Golden Cross, a classic buy signal.
RSI at 76 — Buying demand is so strong that Ethena is now in the overbought zone, showing intense market interest.
MACD Buy Signal — Over the weekend, the MACD line crossed above its signal line, accompanied by a growing series of green histogram bars — a sign of accelerating bullish momentum.
💡 If this momentum continues, $ENA could challenge the $1 mark in the near term. However, traders should watch the $0.7982 support level closely — a break below could trigger a retest of $0.6576 (January 28 close).
🔥 The Verdict: Ethena is heating up, sentiment is strong, and technical indicators are aligned for potential upside. The question now is… will we see $ENA at $1.00 before the month ends?