Ethena ($ENA) coin has experienced a significant price increase of 26% from the Fibonacci buy zone at $0.87. This rally is supported by strong technical indicators and market interest, with analysts eyeing price targets of $1.3273 and $1.7262. The token's price increase and consolidation phase indicate a clear bullish trend, and its trading volume has also risen. The total value locked in Ethena's ecosystem is at $5.94 billion, demonstrating its growing use and support. Analysts believe that the token has the potential to reach these price targets, but caution that pullbacks and market fluctuations are possible. The market sentiment for Ethena is currently bullish, with the Fear & Greed Index at 74. Long-term predictions suggest further growth for Ethena. Traders are advised to remain cautious, as short-term pullbacks may occur. As long as key support levels hold, the uptrend should continue.
- Content Editor ( thecoinrepublic.com )
- 2025-01-06
Ethena ($ENA) Coin Soars 26%, Analysts Forecast Rally Toward $1.72