Ethena rebounds from December lows – will ENA maintain its position above 0.24 USD?

Ethena has rebounded to 0.24 USD, showing strong demand. The recent launch of the JupUSD stablecoin on Solana positively impacted ENA prices, contributing to a bullish market sentiment.

If ENA holds above 0.238 USD, it signals a potential upward trend. However, a drop below 0.23 USD could indicate a bearish outlook, with notable resistances above 0.266 USD.