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Ethena & Mantle Price Stumble! Will ENA And MNT Price Bounce Back This Week?
The post Ethena & Mantle Price Stumble! Will ENA And MNT Price Bounce Back This Week? appeared on BitcoinEthereumNews.com. The market leader, BTC price, continues to hold its price above the $71,000 mark, resulting in altcoins recording a significant uptrend in their respective portfolios. Moreover, top crypto tokens continue to experience a positive price action this week, indicating increased bullish influence. On the other hand, Ethena (ENA) and Mantle (MNT) price have displayed a positive price action by displaying a constant uptrend in their respective valuations. With the rising bullish sentiment, will these altcoins record massive gains this month? Ethena (ENA) Price Action: The ENA coin price has added 1.5% to its portfolio within the past day and 12.20% over the past week. Moreover, it has jumped 8.63% within the past 30 days and has a Year-to-Date (YTD) return of 41.75%, indicating a bullish influence for the altcoin in the crypto space. TradingView: ENA/USDT However, the SMA is on the verge of recording a bearish crossover in its 4H time frame, suggesting uncertainty in future price action. Furthermore, the Relative Strength Index (RSI) continues to trade close to its mid-point, suggesting a weak price action for the Ethena price in the crypto space. Furthermore, the average shows a bearish curve, suggesting a negative outlook for the altcoin. If the bulls overpower the bears, the ENA price will regain momentum and prepare to test its resistance level of $1.1050 during the upcoming weeks. Negatively, if the bears dominate the market, the Ethena coin price will plunge toward its low of $0.840. Mantle Price Records A Bullish Reversal: After displaying a neutral trend by trading in a consolidated range between $0.860 and $1.140, the Mantle price has recorded a bullish price movement by recording a surge of approximately 32%. However, the bulls lost momentum and the altcoin leveled all its gains. TradingView: MNT/USDT The technical indicator, MACD, displays a rising pattern…
The post Ethena & Mantle Price Stumble! Will ENA And MNT Price Bounce Back This Week? appeared on BitcoinEthereumNews.com.
The market leader, BTC price, continues to hold its price above the $71,000 mark, resulting in altcoins recording a significant uptrend in their respective portfolios. Moreover, top crypto tokens continue to experience a positive price action this week, indicating increased bullish influence. On the other hand, Ethena (ENA) and Mantle (MNT) price have displayed a positive price action by displaying a constant uptrend in their respective valuations. With the rising bullish sentiment, will these altcoins record massive gains this month? Ethena (ENA) Price Action: The ENA coin price has added 1.5% to its portfolio within the past day and 12.20% over the past week. Moreover, it has jumped 8.63% within the past 30 days and has a Year-to-Date (YTD) return of 41.75%, indicating a bullish influence for the altcoin in the crypto space. TradingView: ENA/USDT However, the SMA is on the verge of recording a bearish crossover in its 4H time frame, suggesting uncertainty in future price action. Furthermore, the Relative Strength Index (RSI) continues to trade close to its mid-point, suggesting a weak price action for the Ethena price in the crypto space. Furthermore, the average shows a bearish curve, suggesting a negative outlook for the altcoin. If the bulls overpower the bears, the ENA price will regain momentum and prepare to test its resistance level of $1.1050 during the upcoming weeks. Negatively, if the bears dominate the market, the Ethena coin price will plunge toward its low of $0.840. Mantle Price Records A Bullish Reversal: After displaying a neutral trend by trading in a consolidated range between $0.860 and $1.140, the Mantle price has recorded a bullish price movement by recording a surge of approximately 32%. However, the bulls lost momentum and the altcoin leveled all its gains. TradingView: MNT/USDT The technical indicator, MACD, displays a rising pattern…
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