Ethena (ENA) and Worldcoin (WLD) are showcasing substantial bullish trends, as detailed by top analysts Captain Faibik and World Of Charts. Their insights reveal that ENA has successfully breached a critical descending trendline, suggesting a shift towards bullish market conditions.
Concurrently, Worldcoin has emerged from a prolonged downtrend, breaking into a sharp uptrend that positions it for an aggressive price surge.
What you'll learn 👉
Ethena’s Technical Breakthrough
Captain Faibik’s analysis of Ethena (ENA) reveals a critical development. The price of ENA has surged past a key descending trendline on the 4-hour chart. This movement indicates a shift from a bearish to a potentially bullish market stance. Consequently, the price breakout above this trendline is a pivotal moment. The chart suggests further upward movement, with a target level around $2.20, a rise from its current price of $0.889043.
The breakthrough above the resistance level could now act as a new support zone. This change is crucial for traders monitoring the market for additional bullish indicators. A sustained position above this trendline may invite more buyers, potentially ushering in a new bullish phase for ENA.
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Show more +Worldcoin’s (WLD) Rally
Similarly, World Of Charts highlights a shift in Worldcoin’s trajectory. Previously caught in a downtrend channel, WLD’s price escaped this confinement. This escape started a sharp uptrend in mid-April, with the price climbing rapidly from around $5.00. Per pricing data at the time of writing, WLD trades at $6.14 marking a 14.07% uptick in the last day.
The breakout from the downtrend channel marks a significant bullish signal. Market observers now expect a potential 120% rally, as the asset’s price could aim for the $22.00 mark. Moreover, the breakout zone around $5.00 may serve as a new support level in any forthcoming retracements.
Also Read: Ethena’s ENA Faces Potential 60% Plunge as Worldcoin (WLD) Gears Up for Price Rally
Looking Ahead
Both ENA and WLD exhibit strong bullish signals in their respective markets. For Ethena, maintaining the breakout gains is critical for the bullish scenario to materialize fully. Meanwhile, Worldcoin traders should watch for consolidation patterns and the possible continuation of the upward trend.
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