Ethena (ENA) Price Analysis

The Ethena price has been trading within a strong descending parallel channel and the recent upswing has pushed the price to the resistance

The price is facing some bearish pressure and as a result, the price may face a small pullback

However. The technicals remain in bullish favour as the RSI enters the upper threshold and the OBV rebounded from the lows and heads towards the upper threshold

Therefore, the ENA price is believed to break out of the channel and trigger a 65% upswing to reach $0.7 in the next few weeks. $ENA