$ENA Ethena, the synthetic dollar protocol built on Ethereum, provides a crypto-native solution without relying on traditional banking systems and has revived healthy growth. The token has sparked a healthy rally since the early trading hours and is heading towards previous highs of around $1.3. The recent bullish momentum allowed the price to trigger a breakout from the ongoing decisive triangle, which sent massive bullish signals for the crypto. Furthermore, the RSI is heading towards the upper threshold after triggering a bullish divergence. An entry into the upper range suggests that the price could test the immediate target at $1.16 at any time. If the bulls hold without allowing the bears to take profit, a rise to $1.25 could be imminent. The bulls are trying hard to maintain the buying pressure, which could allow the price to reach the desired highs. Additionally, the Bitcoin halving is just a few days away and thus market sentiment is expected to turn bullish. This could pave the way for Athena price to climb above $1.25 and eventually mark new highs above $1.3. Therefore, before the end of the month, the price of ENA could rise high to register a new ATH at $1.5 and maintain a bullish trend.