Ethena (ENA) Price Rises 45% as Bullish Momentum Takes Hold

Ethena (ENA) is exhibiting renewed bullish momentum after breaking above a long-term descending trendline and establishing a stronger structure above key support.

The ENA price has surged by 45.35% in the last 24 hours, with a current trading value of $0.1427 and a market capitalization of $1.4 billion.

According to crypto analyst The Boss, the breakout suggests weakening selling pressure and raises expectations for further upside if momentum continues.

The critical resistance level to clear for an ENA recovery move is at $0.139, with potential targets ranging from $0.199 to $0.361 if broken through successfully.