bullish

Ethena

<p>The crypto market continues to showcase remarkable movements, with <a href="https://captainaltcoin.com/is-ethena-ena-price-poised-for-a-bullish-continuation-here-are-the-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Ethena’s price </a>gaining attention for its upward trajectory. Sjuul, a crypto analyst at AltCryptoGems, has fueled discussions around ENA’s bullish performance on X (formerly Twitter).&nbsp;</p>
<p>He highlighted the entry at the pattern’s accumulation phase, positioning himself for potential gains. The price chart accompanying the analysis reveals a strong bullish structure, making Ethena a point of interest for traders and investors alike.</p>
<h2 class="wp-block-heading" id="ethena-price-shows-bullish-momentum">Ethena Price Shows Bullish Momentum</h2>
<p>The ENA chart indicates a robust bullish trend, marked by higher highs and higher lows. The asset has demonstrated strong upward momentum, especially after a breakout from a well-defined pattern. Technical analysis reveals that<a href="https://captainaltcoin.com/ethena-ena-price-explodes-out-of-accumulation-phase-could-it-hit-new-all-time-highs/" target="_blank" rel="noopener noreferrer nofollow"> ENA’s price</a> recently breached a resistance level, confirming buying pressure and paving the way for continued gains.</p>
<p>Key levels on the chart show a solid support zone, which previously acted as a reversal point, and a resistance zone that transitioned into support after the breakout. Traders monitoring ENA have also observed a notable “cup-and-handle” formation, a pattern known for signaling continued bullishness. This breakout has significantly bolstered the asset’s upward movement.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="512" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-1024x512.png" alt="" class="wp-image-591630" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-1024x512.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-300x150.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-768x384.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-1536x768.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-2048x1024.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-700x350.png 700w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102-788x394.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-102.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/AltCryptoGems/status/1863538602908774595" target="_blank" rel="noopener noreferrer nofollow">X/SjuulAltCryptoGem</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="the-role-of-technical-patterns-in-ena-s-rise">The Role of Technical Patterns in ENA’s Rise</h2>
<p>One of the standout features of the ENA chart is the cup-and-handle formation. The rounded base of the cup reflects a consolidation phase, while the subsequent handle represents a brief retracement before the breakout. Such patterns are often followed by substantial price increases, which aligns with the 172% upward movement indicated on the chart.</p>
<p>Diagonal and horizontal trendlines further validate the bullish setup. A previously descending trendline was broken, turning into a support level that aligns with the narrative of sustained buying interest. Horizontal levels have also been clearly identified, assisting traders in determining potential entry and exit points.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/hedera-metric-suggests-hbar-price-could-still-skyrocket-despite-recent-spikes-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Hedera Metric Suggests HBAR Price Could Still Skyrocket Despite Recent Spikes—But There’s a Catch</a></em></strong></p>
<h2 class="wp-block-heading" id="insights-from-altcryptogems-tweet">Insights from AltCryptoGems’ Tweet</h2>
<p>Sjuul emphasized entering the market at the bottom of the trend, underscoring an optimal risk-to-reward strategy. He referred to ENA as “one of the strongest assets,” reflecting confidence in its bullish structure. His remarks align with the technical analysis presented, which suggests continued upward momentum for Ethena.</p>
<p>With <a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">ENA’s price</a> pushing higher and breaking critical levels, the crypto community remains attentive to its next moves. As the chart continues to exhibit bullish indicators, market participants are closely watching Ethena for further developments.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/is-ena-set-to-climb-higher-ethena-price-analysis-revealed/" rel="noopener noreferrer nofollow">Is ENA Set to Climb Higher? Ethena Price Analysis Revealed</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is ENA Set to Climb Higher? Ethena Price Analysis Revealed

Table of Contents

CaptainAltcoin

Other articles published on Dec 2, 2024

Discover the best crypto to buy now: Qubetics’ non-custodial wallet, Solana’s DEX dominance, and ...

South Korea’s New Crypto Tax Deadline Set for 2027- Data

Bybit Expands Reach in Brazil with Physical Card Launch and Rewards Program

Valour Launches the First Dogecoin Exchange-Traded Product

Michael Saylor Advocates for Bitcoin as Microsoft’s Key Asset

Crypto Surge: Qubetics Presale, Ethereum and Polygon Updates

Join our free newsletter for daily crypto updates!