Ethena (ENA) has broken through a key resistance level, sending prices soaring to their highest point yet at $0.261236 and indicating a bullish trajectory towards the target of $0.3700. Analysts attribute this surge to factors such as expanding DeFi applications and rising interest from institutional investors. The recent price rally has been accompanied by significant trading volume, surpassing $244 million in just 24 hours. This breakout is being closely watched by market analysts. Some are cautiously optimistic, predicting a bullish trend based on the technical indicator analysis, while others believe waiting for confirmation of recovery before entering positions.