Ethena (ENAUSD) Price Forecast: April 9
ENAUSD price is rising and this will most likely continue to move higher above the current resistance level at $1.225, if buyers exert more force into the price action in the market, the $1.248 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $1.100 $1.150, $1.200
Support Levels: $0.800, $0.700, $0.600
ENA (USD) Long-term Trend: Bullish (30-Minutes Chart)
ENAUSD price is rising and remains bullish on the higher time frames. This may continue as we can see the prices trading above the supply trend levels indicating a bullish trend. However, the recent market has favored the bulls.
The coin has been in a rising pattern making higher highs and higher lows in the previous actions; this has made it possible for the price to continue rising lately.
At the time of writing this article, the bulls caused a rise to the $1.225 high level above the moving averages as the 30-minute chart opens today. It indicates that the Ethena price is rising and this may continue.
Thus, a potential break out above the specified supply level will provide buyers with more options and extend the current rally.
Further, the price might continue its upward move as shown by the price indicator which is in an upward direction. If the price of ENAUSD can break above the $1.194 supply value, then we can expect a price to test its previous swing high at the $1.248 level and even break above that level to hit the $1.400 upper resistance level soon as it continues rising in its long-term outlook.
ENA (USD) Short-term Trend: Bullish (15-Minutes Chart)
The coin also indicates a rising pattern and this may continue in its short-term view. This is clear as we can see the prices trending up above the EMA-50.
The bullish pressure on the crypto in the past few minutes has sustained the coin price above the supply trend lines in its recent high.
The bulls increase their pressure and move the market price of Ethena up to a $1.232 high level as the 15-minute chart opens today. This makes it possible for the coin to continue rising and remain positive for a BUY position.
In addition, the ENAUSD price is rising and may continue with this as suggested by the daily signal which remains in an upward trend. If the buying pressure should increase, there may be a potential rise in the crypto price and this might retest the previous high of $1.245 supply level which might further extend the coin price to the $1.400 high trend line soon as the coin continues its rising trend in its short-term perspective.
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