The price of Ethena (ENA) has increased by over 11% in the last 24 hours, leading to a market cap of $3.5 billion. This rally is supported by strong technical indicators, including a recent golden cross and a rise in its Chaikin Money Flow (CMF), indicating increased buying pressure. The CMF has seen a significant increase to 0.36, signifying a strengthening of capital inflows. With a CMF of 0.36, ENA has strong positive momentum, suggesting that investors are actively accumulating the token. This could lead to continued upward price movement. The ADX has also surged, indicating a strong uptrend, and the +DI reflects strong buying pressure while the -DI indicates minimal selling activity. In the short term, these indicators suggest that ENA's uptrend is likely to continue. However, sustained gains will depend on the ADX and +DI maintaining their strength. ENA's EMA lines have formed a golden cross, indicating the potential for sustained upward price action. If the current uptrend persists, ENA could test resistance at $1.22, with a possible 13.7% upside. However, a break below support at $1.12 could trigger further declines down to $1.02 and potentially even $0.84.



Other News from Today