• Ethena (ENA) has been showing positive momentum in line with the overall cryptocurrency market.
• The recent breakout from a triangular pattern suggests further bullish signs.
• After reaching a peak of $1.32 on April 3rd, the price experienced a 35% retracement.
• Support levels were identified around the 61.80% and 78.60% Fibonacci retracement levels.
• The breach of these Fibonacci levels, along with the triangle pattern, indicates potential for exceeding the previous all-time high.
• Near-term price targets for ENA are $1.16, with a possibility of reaching $1.30 and ultimately targeting the $1.50 all-time high by the end of the month.
• In case of selling pressure, support is expected around $1.00, lining up with the triangle line.
• According to the analysis from Coingabbar, Ethena's price could reach $20 by 2030.

KEY LEVELS:

RESISTANCE LEVEL: $1.300-$2.000

SUPPORT LEVEL: $0.850-$0.600

Disclaimer: The guidance and chart analysis provided by Coingabbar on cryptocurrencies, NFTs, or decentralized investments serve as information and not financial advice. It is crucial for users to conduct their research, use their judgement, and understand the risks associated with financial instruments. Coingabbar holds no responsibility for any financial losses. Cryptocurrency and NFT markets exhibit high volatility, so users are advised to seek guidance from financial professionals and evaluate their risk tolerance prior to investing.