$ENA

Ethena created a pattern related to 87% rally in Golden Cross - 2024

The price chart of the Ethana has print a golden cross, a rapid technical pattern that occurs when the 50-day moving averages are above the 200-day moving averages. This indication closely seen by traders, often indicates the ability for constant upper speed.

In 2024, last time Ethena formed a Golden Cross, assets went to 87% of the rally in post -assets. While historical performance is not a guarantee of future results, the recurrence of this setup has ruled out optimism among technical analysts.

The market spirit around Athena is supported by stable trading volume and healthy on-chain activity. However, traders know that comprehensive market status and comprehensive economic factors can still affect the strength of the trend.

If history repeats, the current Golden Cross may mark the beginning of another important rally - but disciplined risk management is necessary.