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Ethena (ENA) Price Prediction: Cup-and-Handle Pattern Targets $1.39

  • ENA is currently trading at $0.3535 with a $346M turnover and $2.05B market cap amidst volatile conditions.
  • Short-term performance shows a 7.83% daily drop and 17.51% weekly loss despite a strong monthly gain of 23.89%.
  • A bullish “cup-and-handle” pattern indicates potential targets of $0.8049, $1.0849, and $1.395, with a stop-loss at $0.2315.
  • A whale investor unstaked 12.16M ENA to Binance, likely closing a short position with an $817K loss, impacting market sentiment.

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