🚨 🔥 ETHENA TARGETS $1.00 AMID STRONG BUYING PRESSURE 🔥
Ethena has surged to its highest price in six months, climbing 6% and extending its bullish streak to six consecutive days. The rally is now aiming for the key psychological level of $1.00 (annual high).
The uptrend is supported by the rising 100-day and 200-day Exponential Moving Averages (EMAs), which are edging toward a potential Golden Cross — a classic buy signal that could further strengthen bullish sentiment.
The daily Relative Strength Index (RSI) stands at 76, signaling overbought conditions and highlighting strong market demand. On Saturday, the MACD line crossed above its signal line, confirming a fresh buy signal, while green histogram bars continue to expand, showing accelerating bullish momentum.
However, a drop below $0.7982 could erase intraday gains and expose the market to a possible retest of the $0.6576 level — the closing price from January 28.
