Ethena (ENA) bulls make a comeback as the price broke the 50-day EMA mark.
ENA price surged by 23% in the last 24 hours, suggesting bullishness.
Ethena (ENA) has shown a strong bullish trend, surpassing its 50-day EMA mark at $0.29793 and currently aiming at the most important 200-day EMA resistance at $0.41397. The altcoin has made an impressive recovery since its extended consolidation period, and the price action has indicated the trend reversal after several months of sideways trading.
The 24-hour performance statistics of CoinMarketCap indicate the power of this breakout, as ENA has jumped 23% in the previous trading session. This significant price action is backed by equally impressive volume dynamics, with daily trading volume surging by 121%, which means that institutions and retailers are interested in the token. This surge in volume confirms the legitimacy of the present price action and indicates continued buying.
Technical indicators are becoming more and
We współpracy z: https://thenewscrypto.com/ethena-explodes-23-breaking-critical-50-day-moving-average-barrier/
