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Ethena (ENA) Pumps 20% On A Dull Day—Charts Hint at More Upside

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on level from the recent trend. A clean breakout above the wedge at $0.58, followed by the $0.60 mark, could unlock a rally toward $0.65, $0.71, or even beyond. More so with the current whale and volume backing.

However, here’s the catch. If ENA fails to break out and drops back below $0.51, the bullish case weakens. That would invalidate the wedge breakout thesis and could trigger a pullback.

source : https://beincrypto.com

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