#Ethena Bullrun Might Be Far From Over: Technical Analysis 📊

$ENA has surged 43% in the last week and 70% over the past month! Despite short-term price fluctuations, key indicators suggest the rally might continue. Here's what the technicals are saying:

⚫RSI: Currently at 59, indicating neutral sentiment - neither overbought nor oversold, leaving room for further gains.

⚫Moving Averages: Both SMA & EMA around $0.33, pointing to steady upward momentum.

⚫Trading Volume: Increased activity last month signals growing interest, though some short-term volatility could be expected.

While short-term dips are possible, the foundation remains strong above $0.34. As always, keep in mind that technical analysis has its limitations, as it cannot predict market events and network developments - like the proposal to use $SOL as new collateral.