{"id":581621,"date":"2024-09-30T14:29:01","date_gmt":"2024-09-30T14:29:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=581621"},"modified":"2024-09-30T14:29:01","modified_gmt":"2024-09-30T14:29:01","slug":"ethena-price-prediction-ena-surges-10-on-ethereal-exchange-proposal-as-this-pepe-2-0-ico-goes-parabolic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethena-price-prediction-ena-surges-10-on-ethereal-exchange-proposal-as-this-pepe-2-0-ico-goes-parabolic","title":{"rendered":"Ethena Price Prediction: ENA Surges 10% On Ethereal Exchange Proposal As This PEPE 2.0 ICO Goes Parabolic"},"content":{"rendered":"
The Ethena price <\/span>rallied<\/span><\/a> more than 10% in the last 24 hours to trade at $0.3993 as of 5:37 a.m. EST as investors buy into the altcoin at a rapid pace.<\/span><\/p>\n This surge in the ENA price comes as Ethereal, an integrated spot and perpetual futures DEX (decentralized exchange), submitted a <\/span>proposal<\/span><\/a> to the Ethena community proposing directly integrating the DEX with the Ethena hedging engine and liquidity. <\/span><\/p>\n 4-hour chart for ENA\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The <\/span>Ethena<\/span><\/a> price has formed a medium-term ascending price channel over the last few days after printing a series of higher highs and higher lows during this period. As the altcoin continues to trade within this positive channel, ENA is now attempting to overcome the major resistance level at $0.4340.<\/span><\/p>\n Breaking above $0.4340 within the next 12 hours might result in the Ethena price continuing to climb in the following 24 hours. However, a rejection from this barrier could invalidate the bullish thesis. In this alternative scenario, the crypto might fall to the immediate support level at $0.3880.<\/span><\/p>\nThe Ethena Price Approaching Resistance<\/span><\/h2>\n
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