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😱🚀🚀JasmyCoin, ENA, Price Forecast: Pointing to a Bull Run!
#ENA Token Forms A Channel Pattern
The Ethena price continues to record a bullish price action by adding approximately 2% to its portfolio with a trading volume of $315.048 Million, a jump of 12.11% within the past day and 30.21% over the past seven days, indicating the rising interest of investors in this altcoin.
Positively, the Ethena price has formed a rising channel pattern in the 1D time frame, highlighting increased buying pressure for the altcoin in the crypto space.
Moreover, the SMA supports the price chart, hinting at a strong bullish sentiment in the crypto market. However, the RSI displays a bearish convergence, suggesting a mixed sentiment.
If the market pushes the $ENA price above the resistance level of $0.95, the bulls will prepare to break out of the channel pattern and test its upper level of $1.030. However, bearish price action could pull the price toward its support trendline this month.
#JASMY Price Displays A Breakout Rally:
After trading within a symmetric triangle pattern since mid-February, the $JASMY coin price has successfully recorded a breakout pattern over the past weekend, indicating a strong bullish reversal for the ETH-based token in the crypto market.
The technical indicator, MACD, shows a constant uptrend in the chart, suggesting increased positive sentiment for the altcoin. Furthermore, the averages display a significant rise, indicating a bullish outlook this week.
If the bulls continue to gain momentum, the Jasmy coin price will surpass its resistance level and test its upper high of $0.0350. Conversely, a bearish trend reversal could result in the altcoin dropping toward its support trendline.
