CandleFocus Ethena (ENA) Price Rises 11% as Ethereal DEX Integration Plan Fuels Bullish Momentum
2024-09-30
Author: Content Editor
The price of Ethena (ENA) has surged 11% due to a proposal to integrate the decentralized exchange Ethereal into Ethena's reserve management system. Technical indicators suggest that ENA's upward trend is gaining strength, with more room for growth. The proposal includes distributing 15% of Ethereal's governance tokens to ENA holders. ENA's RSI and DMI indicators indicate strong upward momentum and bullish sentiment. There is relatively weak resistance for ENA's price between $0.41 and $0.46, suggesting further upward movement. However, if the trend reverses, ENA has weaker support zones between $0.32 and $0.36, with the price potentially dropping to $0.25.
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