CandleFocus ENA Making Breakout Attempt: Eyes $0.58 Target to Confirm Bullish Trend
2025-02-23
Author: Content Editor
Ethena (ENA) has been experiencing poor price performance in recent weeks, with its price struggling to establish a clear trend. However, prominent analyst MACrypto believes that a significant breakout could happen soon. The recent ByBit hack caused market volatility and disrupted ENA's price testing of significant supply levels. Despite facing setbacks, Ethena is showing signs of potential recovery. On-chain indicators suggest a possible upsurge, and an increase in active wallets indicates growing demand for the altcoin. If ENA can maintain its price around support levels and break through resistance levels, it could experience upward momentum in the future.
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