With the high recovery in Altcoins, the total maximum Crypto market, with the exception of Bitcoin and Ethereum, reached $ 865 billion. With Altcoin Market aims to restore a trillion dollar sign, Ethena is a recovery state.
During the past 24 hours, the Ena code has increased by almost 20 %. Will this recovery in Etheina lead to a bullish shift? Let’s discover.
Price Etheina recovery up to $ 0.40
In the daily price scheme, the ENA price trend reveals a bullish return with a huge hard candle. Ena 19 % price jumped today to reach the market price of $ 0.40.
As this recovery is run, the ENA price represents 38.20 % Fibonacci at $ 0.4087. Moreover, the rapid shift extends the positive trend in MACD lines and signal lines.
The bullish increase comes within a prevailing fall, a 72 % decrease. This prevailing fall also led to a declining intersection in EMA 100-200 days. Thus, the EMA 20, 50, 100 and 200 lines maintain a negative alignment.
The analyst shares the opportunity in Ethina
Supporting the opportunities for the bullish transformation, highlighted Ali Martinez, the encryption analyst, a purchase signal for Ethereum. Based on his latter tweet, the Sequential TD Index flashing a signal of ethereum on the weekly chart.
#ETHENA $ Ena It can be prepared for apostasy because the TD sequence indicator flashes a signal signal on the weekly graph, indicating a potential upward momentum! pic.twitter.com/ooqu4fdeeb
Ali (ali_charts) March 6, 2025
This highlights the possibility of a new escalating momentum in the direction of the price of Ena. With the upscale shift, the price of Ena can restore the 0.50 dollars psychological mark next week.
Ethena Labs to open 2.07B Ena
Despite the bullish signals, Etheina Labz has done important treatment during the past 24 hours. The Corporation’s multi -signature portfolio moved 19.16 million Ena symbols to 33 titles.
In the past 18 hours, ethena_labs‘Multi-Sig Transfer 94.16M $ Ena ($ 33.7 million) to 33 titles, probably part of 2.07B this week $ Ena Open (741 million dollars, 39.17 % of Circ. Offer).
To date, 59.3M $ Ena (21.08 million dollars) was sold on Dexs or sent to # At average price of $ 0.355 … pic.twitter.com/iulgqbjcbj
– Spotonchain March 6, 2025
The value of this deal is approximately 33.7 million dollars. According to SpotonchainTransport is likely to be part of the Ena 2.07 million opening this week. The value of the opening is approximately $ 741 million and represents approximately 40 % of the trading offer.
At the time of X-Post, 59.3 million ENA icons were sold for $ 21.08 million in decentralized stock exchanges or sent to Binance. The main recipients of Ena symbols are the founders of OKX Ventures Michael Egorov. Currently, the multiple signature portfolio has 1.22 billion of distinctive ENA codes of $ 433 million.
ENA price goals
With the recovery during the day, Eathina undermined the fall by 10 % yesterday and aims to a rapid shift. Depending on the Fibonacci levels, the Fibonacci level is likely to challenge the Fibonacci level by a 50 % of $ 0.50.
Beyond that, the target price extends to $ 0.85. On the other hand, Ena’s decisive support remains at the level of 23.60 % Fibonacci at $ 0.3137.
