Ena relies on a Golden Cross: Can the Ethena Prize reach the $ 8-dollar brand again after the last jump over $ 2x?

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.

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.