{"content":"🚀 Ethena Ignites Bullish Momentum—$0.65 Now in Sight! Ethena has maintained its position above the $0.46 support level with a long-tail candle on Thursday, which has allowed it to go up by more than twenty percent so far on Friday. In the midst of a golden cross between the 50-day and 100-day Exponential Moving Averages (EMAs), the golden cross indicates that the bullish run has above the $0.54 resistance that was last tested on Monday. at making a clean push over this level, it is possible to target the $0.65 level, which was set at the close on January 28. A continuation of the trend might, in an optimistic scenario, find the next resistance levels at $0.79, which would then be followed by the psychological barrier placed at $1.00. On the daily chart, the Relative Strength Index (RSI) is now registered at 77, which shows that there is a rising amount of buying pressure as it bounces to the overbought threshold. With rising green histogram bars, the Moving Average Convergence Divergence (MACD) and its signal line continue to maintain an upward trend. This indicates that bullish momentum is increasing. It is possible that Ethena would retest the $0.46 support floor if it is unable to sustain a daily close above the $0.54 level. This would be a negative development for the cryptocurrency. #ethena #BTCvsETH #ETHBreaks3700 $ENA ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/25/9dff71e62cbb43a19b66d1a305810f9d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}