Ethena Price Prediction: Rare “Golden Cross” Signal Appears – ENA Could Double From Here
Main Idea
Ethena (ENA) shows bullish potential with a 'golden cross' signal, suggesting a possible 2x rally, supported by strong market performance and regulatory developments.
Key Points
1. A 'golden cross' on ENA's daily chart indicates a bullish mid-term trend, with the token rising 33% in a week.
2. Market catalysts include a Trump-signed executive order allowing crypto exposure in retirement accounts and expectations of U.S. rate cuts.
3. Ethena's stablecoin USDe has grown rapidly, surpassing $10B in supply, partly due to regulatory clarity from the U.S. GENIUS Act.
4. Technical analysis suggests a potential 94% price increase to $1.50 if key support levels hold, with MACD indicating seller exhaustion.
5. Leverage trading platforms like CoinFutures offer up to 1000x leverage, appealing to traders seeking amplified gains from market moves.
Description
A golden cross on the daily chart has flipped the mid-term trend bullish for Ethena (ENA), setting the stage for a potentially much larger move ahead. In just the past week, ENA has jumped 33%, making it one of the strongest performers in the top 100 as retail liquidity pours back into altcoins. These gains follow wider market warming catalysts, as a Trump-signed executive order granted crypto assets exposure to the $9 trillion 401(k) retirement investment market . The macro narrative takes the ...
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