Ethena’s TD Sequential Signal: Is Upside Ahead?

Ethena (ENA) price is currently hovering around $0.24. The cryptocurrency has displayed a buy signal according to the TD Sequential indicator. Despite a bearish trend in the wider crypto market, with Bitcoin falling below $85K and Ethereum trading at around $2,800, Ethena has seen an impressive surge of over 1.5%. It rose from a low of $0.2344 to reach $0.2487, breaking resistance levels between $0.2348 and $0.2483. Currently, it trades at $0.2426 with a market cap of $1.8 billion. The daily trading volume has reached $157.47 million.