\$ENA
0.813
-1.78%
Ethena has formed a Golden Cross pattern signaling a potential 87% rally in 2024.
The price chart shows a Golden Cross, a strong technical signal where the 50-day moving average crosses above the 200-day moving average. Traders closely watch this pattern as it often signals sustained upward momentum.
When Ethena last showed a Golden Cross, the asset experienced an 87% increase afterward. While past results don’t guarantee future performance, this repeated setup has boosted confidence among technical analysts.
Market sentiment for Ethena is backed by steady trading volume and solid on-chain metrics. However, traders remain aware that broader market conditions and economic factors can influence the trend’s strength.
If history repeats itself, this current Golden Cross could signal the start of another significant rally, but careful risk management remains essential.
