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Sindhu

07/11 11:12

Ethena jumps 25% on Upbit listing announcement, ey

Ethena jumps 25% on Upbit listing announcement, eyes a move towards $0.46crypto-news-Ethena-Labs-USDe-option06-1380x820.webp

Ethena price jumped 25% on the Upbit listing announcement, edging closer to the top of its trading range and targeting a potential breakout above $0.46.
Ethena Ethenaena24.14%Ethena price is up 25% in the past 24 hours, currently trading at $0.37, with trading volume surging over 300%. With this surge, ENA price has now broken above the upper trendline resistance of a descending triangle pattern that had been forming since mid-May. The descending triangle, typically a bearish continuation pattern, has instead resolved to the upside — a bullish signal made more convincing by explosive volume that accompanied the breakout.

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