Ethena’s Bullish Flag Pattern Signals Potential Rally to $3.00

Ethena (ENA) is displaying a bullish flag pattern on its 2-day chart, suggesting potential for price gains and reaching targets as high as $3.00. This follows recent price correction triggered by profit-taking after the October surge fueled by Terminal Finance’s pre-launch success. The token reached above $0.53 before dropping to $0.395, leading to a 9% decline in trading activity. 24-hour trading volume dipped to $273 million as traders adjusted their positions after the hype.