MZH Zee
08/05 07:58
Ethena rallied as buyers returned to the market to accumulate the altcoin. As a result, Stochastic RSI surged to 18 from 5 after making a bullish crossover.
At the same time, the alctoin’s Chaikin Money Flow has remained within positive territory since flipping 48 hours ago, further confirming the presence of buyers.
When these indicators are set like this, they signal a strengthening upward momentum backed by strong demand.
If this buying momentum holds, ENA could retest $0.68 and target $0.70. But if demand fades, support around $0.55 may come into play.
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