Rally

World

Worldcoin

Captain

Ethena

<p>Ethena (ENA) and Worldcoin (WLD) are showcasing substantial bullish trends, as detailed by top analysts Captain Faibik and World Of Charts. Their insights reveal that ENA has successfully breached a critical descending trendline, suggesting a shift towards <a href="https://captainaltcoin.com/?s=bullish&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">bullish market conditions</a>.</p>
<p>Concurrently, Worldcoin has emerged from a prolonged downtrend, breaking into a sharp uptrend that positions it for an aggressive price surge.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-ethena-s-technical-breakthrough-strong"><strong>Ethena’s Technical Breakthrough</strong></h2>
<p>Captain Faibik’s <a href="https://x.com/CryptoFaibik/status/1787336241714733426" target="_blank" rel="noopener noreferrer nofollow">analysis of Ethena (ENA) reveals</a> a critical development. The price of ENA has surged past a key descending trendline on the 4-hour chart. This movement indicates a shift from a bearish to a potentially bullish market stance. Consequently, the price breakout above this trendline is a pivotal moment. The chart suggests further upward movement, with a target level around $2.20, a&nbsp; rise from its current price of <a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">$0.889043.</a></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="489" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-1024x489.png" alt="" class="wp-image-487443" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-1024x489.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-766x366.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-1536x733.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-2048x978.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-314x150.png 314w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-733x350.png 733w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173-788x376.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-173.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The breakthrough above the resistance level could now act as a new support zone. This change is crucial for traders monitoring the market for additional bullish indicators. A sustained position above this trendline may invite more buyers, potentially ushering in a new bullish phase for ENA.</p>
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<h2 class="wp-block-heading" id="strong-worldcoin-s-wld-rally-strong"><strong>Worldcoin’s (WLD) Rally</strong></h2>
<p>Similarly, World Of Charts <a href="https://x.com/WorldOfCharts1/status/1787356727618203777" target="_blank" rel="noopener noreferrer nofollow">highlights</a> a shift in Worldcoin’s trajectory. Previously caught in a downtrend channel, WLD’s price escaped this confinement. This escape started a sharp uptrend in mid-April, with the price climbing rapidly from around $5.00. Per pricing data at the time of writing, WLD trades at <a href="https://coinmarketcap.com/currencies/worldcoin-org/" target="_blank" rel="noopener noreferrer nofollow">$6.14</a> marking a 14.07% uptick in the last day.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-1024x580.png" alt="" class="wp-image-487451" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-766x434.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-2048x1160.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-174.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The breakout from the downtrend channel marks a significant bullish signal. Market observers now expect a potential 120% rally, as the asset’s price could aim for the $22.00 mark. Moreover, the breakout zone around $5.00 may serve as a new support level in any forthcoming retracements.</p>
<p><a href="https://captainaltcoin.com/ethenas-ena-faces-potential-60-plunge-as-worldcoin-wld-gears-up-for-price-rally/" target="_blank" rel="noopener noreferrer nofollow">Also Read: Ethena’s ENA Faces Potential 60% Plunge as Worldcoin (WLD) Gears Up for Price Rally</a></p>
<h2 class="wp-block-heading" id="strong-looking-ahead-strong"><strong>Looking Ahead</strong></h2>
<p>Both ENA and WLD exhibit strong bullish signals in their respective markets. For Ethena, maintaining the breakout gains is critical for the bullish scenario to materialize fully. Meanwhile, Worldcoin traders should watch for consolidation patterns and the possible continuation of the upward trend.</p>
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<p>The post <a href="https://captainaltcoin.com/ethena-ena-and-worldcoin-wld-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">Ethena (ENA) and Worldcoin (WLD) Prices Pumping: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethena (ENA) and Worldcoin (WLD) Prices Pumping: Here’s Why

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