Ethena (ENAUSD) Price Forecast: April 8
Ethena pair shows potential for future growth with the bullish sentiment fueled by the ionic upgrade and market sentiment. The coin at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $1.319 high mark, the accelerated buying pressure may increase the coin price to the $1.400 upper resistance level, and a potential buy signal.
Key Levels:
Resistance Levels: $1.200, $1.300, $1.400
Support Levels: $1.100, $1.050, $1.000
ENA (USD) Long-term Trend: Bullish (30- Minute Chart)
The long-term market value of Ethena shows potential for future growth in its higher time frame. The crypto is moving in a bullish direction above the moving average line as can be seen from the chart below. This is due to the high impact of the buy investors in the coin market.
During yesterday’s session, the pair reached and held the $1.015 resistance level. This has made it possible for the coin to show potential for future growth in its recent high.
Today’s 30-minute bullish candle at the $1.185 supply value above the supply trend lines confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Notably, the coin remains in an uptrend on the daily signal. This suggests that the ENAUSD price may continue to show potential for future growth by increasing market size through the activities of the bulls on the crypto.
In this case, the price of Ethena could jump up to hit the $1.400 supply mark sooner in its long-term outlook.
ENA (USD) Short-term Trend: Bullish (15-Minutes Chart)
The Ethena price can be seen progressing upward and also shows potential for future growth in its short-term outlook. 
The sustained bullish pressure at the $1.022 level during the past session has made it possible for the buy investors to retain the strength in recent times.
The price finds a reliable resistance at $1.185 value above the moving averages as the 15-minute session begins today, resulting in intraday gains.
A strong push by the long traders above the current resistance point with a 15-minute candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and show potential for future growth on Ethena.
Additionally, the market is pointing up on the daily stochastic; this means that the ENAUSD market is open for future growth, in light of this, the coin price might hit the $1.400 supply trend mark, thus registering a buy signal for coin traders soon in its short-term time frame.
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