bullish

Pepe

Ethena

<p>The Ethena price prediction is heading toward the upper boundary of the channel as the price touches the daily high at $1.23.</p> 
<h2 id="ethena-prediction-statistics-data">Ethena Prediction Statistics Data:</h2> 
<ul> 
 <li>Ethena price now – $1.19</li> 
 <li>Ethena market cap – $3.57 billion</li> 
 <li>Ethena circulating supply – 2.92 billion</li> 
 <li>Ethena total supply – 15 billion</li> 
 <li>Ethena Coinmarketcap ranking – #46</li> 
</ul> 
<p>ENA has shown impressive growth since its all-time low of $0.1953 on September 6, 2024, rising by 504.93%. <a href="https://insidebitcoins.com/news/ethena-price-prediction-ena-pumps-9-as-ethena-labs-mulls-sol-usde-collateral-but-investors-flock-to-this-meme-coin-with-a-2466-staking-apy">While its current 24-hour price range fluctuates between $1.11 and $1.23, it has yet to reach its all-time high of $1.52 from April 11, 2024</a>. This price movement highlights ENA’s potential for continued growth, making it an attractive option for early investors who have already seen substantial returns.</p> 
<h2 id="ena-usd-market">ENA/USD Market</h2> 
<p>Key Levels:</p> 
<p>Resistance levels: $1.50, $1.60, $1.70</p> 
<p>Support levels: $0.90, $0.80, $0.70</p> 
<figure id="attachment_610485" aria-describedby="caption-attachment-610485" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-610485 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/12/ENAUSD_04122024.png" alt="Ethena Price Prediction for Today, December 15 – ENA Technical Analysis" width="1431" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/ENAUSD_04122024.png 1431w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENAUSD_04122024-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENAUSD_04122024-1024x528.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENAUSD_04122024-768x396.png 768w" sizes="(max-width: 1431px) 100vw, 1431px">
 <figcaption id="caption-attachment-610485" class="wp-caption-text">
  ENAUSD – Daily Chart
 </figcaption>
</figure> 
<p>ENA/USD has shown remarkable strength over the past weekend, emerging as one of the most robust cryptocurrencies within this period. Technically, the pair has reached a significant resistance level between $1.05 and $1.10, a zone established during the previous week. This resistance was decisively broken over the weekend, fueled by increased trading volume and key market news.</p> 
<h2 id="ethena-price-prediction-would-ena-break-above-the-channel">Ethena Price Prediction: Would ENA Break Above the Channel?</h2> 
<p>The ENA/USD pair is currently exhibiting a strong bullish trend, trading within an ascending channel and climbing above both the 9-day and 21-day moving averages. The bullish crossover of these moving averages indicates sustained buyer strength, with the price testing the channel’s upper boundary near $1.20. If buying pressure and volume persist, ENA/USD could break resistance at $1.40 and potentially target higher levels, such as $1.50, $1.60, and $1.70. However, the $1.40 resistance level poses a significant challenge, and failure to overcome it could result in a pullback.</p> 
<p><iframe title="TRUMP BOUGHT ETHENA!🚨 (Ethena Labs ENA Price Prediction 2024)" width="640" height="360" src="https://www.youtube.com/embed/Z6zSqPUGvp0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>Meanwhile, a correction within the ascending channel could see the price retracing to immediate support at $1.00 or the lower boundary near $0.95, which aligns with key moving averages. Holding above these levels would preserve the bullish structure, setting the stage for upward momentum. Conversely, a break below $0.90 could invalidate the uptrend, increasing selling pressure and risking a trend reversal. While the overall outlook remains bullish, traders should monitor the $1.40 resistance and support zones at $0.90, $0.80, and $0.70 for potential price shifts.</p> 
<h2 id="ena-btc-heads-to-the-north">ENA/BTC Heads to the North</h2> 
<p>The ENA/BTC daily chart reveals a persistent bullish momentum as the pair approaches the upper boundary of its ascending channel near 1168 SAT. The 9-day moving average (MA) at 1043 SAT remains firmly above the 21-day MA at 924 SAT, reflecting strong short-term bullish sentiment. However, the price is steadily climbing, supported by rising trading volumes, indicating that buyers remain in control. Should the current upward momentum continue, ENA/BTC could test the key resistance level at 1420 SAT and above. A successful breakout above this level would signal further strength, potentially opening the door for higher highs and extending the bullish trajectory.</p> 
<figure id="attachment_610484" aria-describedby="caption-attachment-610484" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-610484 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/12/ENABTC_04122024.png" alt="Ethena Price Prediction for Today, December 15 – ENA Technical Analysis" width="1431" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/ENABTC_04122024.png 1431w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENABTC_04122024-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENABTC_04122024-1024x528.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/ENABTC_04122024-768x396.png 768w" sizes="(max-width: 1431px) 100vw, 1431px">
 <figcaption id="caption-attachment-610484" class="wp-caption-text">
  ENABTC – Daily Chart
 </figcaption>
</figure> 
<p>On the other hand, failure to break above the channel may lead to a correction, pulling the price back toward immediate support at 01000 SAT, a psychologically significant level. If bearish pressure intensifies, the pair may retreat further toward the lower boundary of the ascending channel near 880 SAT and below, which coincides with the 21-day MA. This zone would serve as critical support, maintaining the bullish structure as long as it holds. Nonetheless, a breakdown below this level, could invalidate the uptrend and trigger a deeper decline.</p> 
<p>Moreover, Crypto analyst @ali_charts shared on X (formerly Twitter) that #Ethena ($ENA) is showing signs of breaking out from a bull pennant pattern, with a potential price target of $1.40.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethena?src=hash&amp;ref_src=twsrc%5Etfw">#Ethena</a> <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ENA</a> appears to be breaking out of a bull pennant, targeting $1.40! <a href="https://t.co/QQkt3lEqv7">pic.twitter.com/QQkt3lEqv7</a></p> 
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1868303951348830544?ref_src=twsrc%5Etfw">December 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="alternatives-to-ethena">Alternatives to Ethena</h2> 
<p>The trading volume for Ethena has surged by 174%, reflecting significant market interest. However, the leveraged trading activity accompanying such spikes suggests the need for careful monitoring as it introduces potential volatility. Despite these fluctuations, the breakout above $1.10 seems likely to hold, supported by a broader market uptrend. On that note, Wall Street Pepe has emerged as one of the hottest meme coins of 2024, making waves with unprecedented demand during its presale phase. Over the past few days, it has raised an impressive $23.6 million, far outpacing previous meme coin pre-sales and drawing comparisons to historic launches.</p> 
<p><strong>Wall Street Pepe Is The Hottest Meme Coin Of 2024</strong></p> 
<p><iframe title="Wall Street Pepe Is The Hottest Meme Coin Of 2024! How High Will WEPE Rise?!" width="640" height="360" src="https://www.youtube.com/embed/u5Hmox6513Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>Wall Street Pepe’s incredible momentum presents a unique opportunity for investors seeking high-reward potential in the booming meme coin market. <a href="https://www.youtube.com/watch?v=u5Hmox6513Q">With its record-breaking presale performance and growing community support, this token leads the charge in the anticipated meme coin supercycle</a>. Don’t miss your chance to ride the wave—invest now and join the growing number of buyers who believe in Wall Street Pepe’s potential to deliver exceptional returns. Ensure you use the below link to secure your investment safely.</p> 
<p><a href="https://insidebitcoins.com/visit/wallstreetpepe" rel="nofollow">Visit Wall Street Pepe</a></p> 
<h2 id="related-news">Related News</h2> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/ethena-price-prediction-ena-soars-16-as-this-17-4-million-presale-enters-final-5-days">Ethena Price Prediction: ENA Soars 16% As This $17.4 Million Presale Enters Final 5 Days</a></li> 
 <li><a href="https://insidebitcoins.com/news/turbo-price-pumps-to-new-ath-following-coinbase-listing-will-wall-street-pepe-be-next">Turbo Price Pumps to New ATH Following Coinbase Listing – Will Wall Street Pepe Be Next?</a></li> 
</ul>

Ethena Price Prediction for Today, December 15 – ENA Technical Analysis

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