{"id":610370,"date":"2024-12-15T13:21:15","date_gmt":"2024-12-15T13:21:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610370"},"modified":"2024-12-15T13:21:15","modified_gmt":"2024-12-15T13:21:15","slug":"ethena-price-prediction-ena-soars-16-as-this-17-4-million-presale-enters-final-5-days","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethena-price-prediction-ena-soars-16-as-this-17-4-million-presale-enters-final-5-days","title":{"rendered":"Ethena Price Prediction: ENA Soars 16% As This $17.4 Million Presale Enters Final 5 Days"},"content":{"rendered":"

The Ethena price soared 16% in the last 24 hours to trade at $1.176 as of 8:17 p.m. EST on trading volume that skyrocketed 213% to $1.1 billion, according to CoinGecko.<\/span><\/p>\n

Ethena Price Could Continue Soaring<\/b><\/h2>\n

The ENA\/USDT chart analysis on the 6-hour timeframe showcases a clear bullish trend, with price action showing sustained upward momentum over the past few weeks. <\/span>The Ethena price<\/span><\/a> is trading within a well-defined ascending channel, with higher highs and higher lows.<\/span><\/p>\n

Currently, the price of Ethena is testing the upper trendline near $1.1993, indicating strong buying pressure. A breakout above this level could signal further gains.<\/span><\/p>\n

Meanwhile, ENA price still trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a signal that the bulls still have control of the price.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 66.55, which is approaching the overbought zone but still remains within neutral to bullish territory. This suggests strong buying momentum, though a potential short-term consolidation or correction could occur if RSI climbs above 70.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) line (blue) has just crossed above the signal line (orange), with a rising histogram showing increasing bullish momentum. This bullish crossover confirms that buyers are in control, and the trend is likely to continue higher in the short term.<\/span><\/p>\n

If the price successfully breaks above the upper trendline of the ascending channel near $1.20, it could move toward the next psychological resistance level of $1.50.<\/span><\/p>\n

\"Ethena<\/p>\n

ENA\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

Conversely, if a pullback occurs, the price could retest support around $0.98 (50-day SMA) or the lower channel boundary, where buyers are likely to step in.<\/span><\/p>\n

As the Ethena price aims for a sustained rally, investors looking for alternatives may want to consider <\/span>Crypto All-Stars (STARS)<\/span><\/a>. YouTuber ClayBro, with over 130K subscribers, says STARS has the potential to soar 10X after its launch.<\/span><\/p>\n