{"id":610504,"date":"2024-12-16T08:58:45","date_gmt":"2024-12-16T08:58:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610504"},"modified":"2024-12-16T08:58:45","modified_gmt":"2024-12-16T08:58:45","slug":"ethena-price-prediction-ena-soars-29-in-a-week-as-this-crypto-wallet-token-presale-surpasses-4-5-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethena-price-prediction-ena-soars-29-in-a-week-as-this-crypto-wallet-token-presale-surpasses-4-5-million","title":{"rendered":"Ethena Price Prediction: ENA Soars 29% In A Week As This Crypto Wallet Token Presale Surpasses $4.5 Million"},"content":{"rendered":"

The Ethena price soared 29% in the last week and 4% in the last 24 hours to trade at $1.27 as of 11:18 p.m. EST on trading volume that plunged 15% to $1.1 billion.<\/span><\/p>\n

Ethena Price On A Sustained Bullish Rally<\/h2>\n

The ENA\/USD chart exhibits a classic rounded bottom pattern where <\/span>the Ethena price<\/span><\/a> declined steadily before eventually surging upward. This pattern is bullish and often signals a strong trend reversal.<\/span><\/p>\n

Post the breakout from the bottom around $0.20, the Ethena price has risen parabolically, crossing key resistance levels, according to data from <\/span>GeckoTerminal<\/span><\/a>. This sharp upward curve suggests aggressive buying and a strong bullish sentiment.<\/span><\/p>\n

ENA price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), cementing the general bullish outlook. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross around $0.47, which is also a sign that the price of Ethena could keep on soaring.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 75.11, signaling overbought conditions. While this indicates strong momentum, it also suggests the possibility of short-term pullbacks or consolidation in the price.<\/p>\n

The Moving Average Convergence Divergence (MACD) blue line is well above the orange signal line, showing strong bullish momentum. The histogram bars are increasing, further confirming the upward trend.<\/span><\/p>\n

\"Ethena
ENAUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

ENA Price Prediction<\/h2>\n

The ENA technical indicators and price structure suggest a continuation of the bullish trend. If the momentum continues, the Ethena price could reach $1.50–$1.60 in the near term, aligning with the next resistance zone. A breakout above this region could lead to further gains toward $1.80 or higher.<\/span><\/p>\n

Given the RSI’s overbought reading, a short-term pullback toward $1.00–$1.10 (support levels) or the 50-day SMA ($0.6882) is possible before the next upward leg.<\/span><\/p>\n

Meanwhile, investors are also buying into the presale of <\/span>Best Wallet ($BEST)<\/span><\/a>, which YouTuber ClayBro, with over 133K subscribers, says ”Could Be The Best Crypto Wallet Of 2025.”<\/span><\/p>\n