Ethena (ENA) Price Prediction

#比特币减半 #CPI数据 #新币挖矿 #非农数据 #ENA

Ethena (ENA) is a crypto project developed by Ethena Labs that focuses on creating a synthetic dollar protocol USDe on the Ethereum blockchain. The project aims to provide a stable, scalable alternative to traditional currencies without relying on the traditional banking system.

Analysis from the 4-hour chart shows that the rising ENA price is strictly resonating between the two converging trendlines of a wedge pattern.

This chart setup is often referred to as a sign of a maturing uptrend as the narrowing range indicates weakening bullish momentum.

Ethena coin is trading at $1.4 with a market cap of $1.997 billion. If the wedge pattern holds, ENA price will break above the lower trendline at $1.3. A successful breakdown coupled with a broader market sell-off could send the asset to a low of $0.86.

If ENA price breaks above the upper trendline, the bearish argument will be invalidated, providing buyers with proper support to reach new heights.

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