Similarly, based on the analyst tweet, the ENA asset daily chart shows that it has been surging from support and remains above the 20-day, and 50-day EMAs, portraying bullish strength in the short-term.
Likewise, the MACD portrays a bullish cross, with a rising histogram in ENA at 0.0330, and the RSI flashed at 67.39. It portrayed that the Ethena crypto is not losing steam yet and could continue to climb higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the ENA price could be to reach the above levels, such as $1.00 and $1.51.
On the contrary, if the price plunges and trades inside the pattern again, the bullish pattern made in ENA would lose its significance and would be invalid.
Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $0.80 level, it could also decline further.
Likewise, the MACD portrays a bullish cross, with a rising histogram in ENA at 0.0330, and the RSI flashed at 67.39. It portrayed that the Ethena crypto is not losing steam yet and could continue to climb higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the ENA price could be to reach the above levels, such as $1.00 and $1.51.
On the contrary, if the price plunges and trades inside the pattern again, the bullish pattern made in ENA would lose its significance and would be invalid.
Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $0.80 level, it could also decline further.