Ethena Surges 20% with Upbit Listing Boost, Eyes $0.52 Resistance Level

• Ethena price becomes 20% higher after listing in the exchange Upbit.
• There is good bullish momentum in ENA as confirmed by MACD and RSI.
• Korean trade enhances volume and trust in Ethena.

In the daily chart, Ethena has recently experienced an impressive bullish action, which means that traders are becoming more interested. The bullish momentum is partly caused by the sharp rise in trading volume on Korean crypto exchanges, such as Upbit

In the last four days, the price registered green candles, with the most recent one closed at prices above $0.41. Such an increase signals a strong breakout, showing bulls currently have the upper hand in the crypto market momentum.