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Ethena

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<p>The post <a href="https://coinpedia.org/price-analysis/ethena-price-hints-bullish-surge-ena-price-eyes-to-reclaim-1/" rel="noopener noreferrer nofollow">Ethena Price Hints Bullish Surge! ENA Price Eyes To Reclaim $1?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Amid cross-border market correction, top crypto tokens have recorded a notable correction over the past day. However, the Ethena price has recorded a strong bullish recovery by adding significant valuation to its portfolio over the past few hours.</p>
<p>With the current market sentiments, is Ethena the best crypto coin to buy right now? Scroll down as, in this article, we have covered the price analysis and possible short-term price targets for the ENA crypto token.</p>
<h2 class="wp-block-heading" id="h-ethena-price-records-increased-price-action">Ethena Price Records Increased Price Action:</h2>
<p>After trading under a bearish sentiment for a brief period and recording a correction of 12.73% within the past 30 days, the <a href="https://coinpedia.org/price-prediction/ethena-ena-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ENA price</a> has regained momentum. It has added 11.01% to its portfolio within the past day with a trading volume of $140.25 Million, a change of +91.52%.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJPQgq15WsLeFMKtZDvpYYqlQu52afY2qBo164L8UHKou1sNgJ3acIPMoXe5cJ6iTLDrY9fhVjL9xp4tFALeUWtaWya3B8OOMegaOT2qI1NUDALxhsyMqmMPW80tDS45NBe7R0zSNKgHBYqOhOUwAm5-uq?key=1ukQDIsIbxBcQu8a3G4dIg" alt="Ethena Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ENA/USDT
 </figcaption>
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<p>With the current trading price of $0.487, a circulating supply of 1,710,937,500 ENA, and a total supply of 15 Billion ENA tokens, the <a href="https://markets.coinpedia.org/ethena/" target="_blank" rel="noopener noreferrer nofollow">Ethena crypto</a> has secured the 84th position with a market capitalization of $846.25 Million.</p>
<p>The Simple Moving Average (SMA) is on the verge of recording a bullish convergence in the 1D time frame, suggesting increased buying-over-selling pressure for the altcoin in the crypto space.</p>
<p>Further, the RSI indicator has successfully regained momentum and has displayed a sharp rise toward its mid-point. This highlights a strong bullish outlook for the ENA coin price in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-ena-price-surge-to-1">Will ENA Price Surge To $1?</h2>
<p>If the market regains momentum, the Ethena price will reach its resistance level of $0.60. Furthermore, if the bulls continue to dominate the market, the ENA price will prepare to test its upper resistance level of $0.825.</p>
<p>However, if the bears overpowered the bulls, the Ethena price will plunge toward its crucial support level of $0.375 during the upcoming weeks.</p>

Ethena Price Hints Bullish Surge! ENA Price Eyes To Reclaim $1?

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