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Ena relies on a Golden Cross: Can the Ethena Prize reach the $ 8-dollar brand again after the last jump over $ 2x?
ENA: A look at the Golden Cross and the course development in the world of cryptocurrencies are of great importance such as the Golden Cross. The last appearance of such a signal at ENA led to an impressive price rally of over 200 %. At the moment, Ethena's price is optimistic, since the brand of 8 ...
Ena relies on a Golden Cross: Can the Ethena Prize reach the $ 8-dollar brand again after the last jump over $ 2x?
ena: A look at the Golden Cross and the course development
In the world of cryptocurrencies, technical indicators such as the Golden Cross are of great importance. The last appearance of such a signal at ENA led to an impressive price rally of over 200 %. At the moment, Ethena's price is optimistic, since the brand of 8 USD is now being targeted.
A golden cross occurs when the short-term moving average (e.g. the 50-day average) thwarts the long-term moving average (e.g. the 200-day average) from bottom to top. This signal is often interpreted by investors as an indication of a potential explosive course development.
The current developments around Ena and Ethena testify to a recurring pattern in the chart course that the market participants should observe more precisely. The desired target brand of $ 8en could not only be a technical challenge, but also have psychological importance for dealers and investors.
In view of the past and the current situation,it remains to be seen whether Ethena has the potential again to start a rally similar to the last Golden Cross. Current market analyzes and technical reviews could play a crucial role here.
Overall, it turns out that ENA and the price of Ethena go through exciting developments. However, investing in cryptocurrencies remains associated with risks, and a thorough analysis is essential to make informed decisions.