Current Price: $0.3844
24h High: $0.3868
24h Low: $0.3599
24h Volume: $294.2M
Market Cap: $2.24B
Circulating Supply: 5.82B ENA
All-Time High: $1.518 (April 11, 2024)
All-Time Low: $0.1961 (September 6, 2024)
Fear & Greed Index: 71 (Greed)
Sentiment: Neutral
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Key Levels to Watch:
Resistance: $0.40 / $0.45
Support: $0.36 / $0.33
Trend Reversal Zone: Above $0.42
Volume Spike Zone: Recent surge in trading activity
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TRADE SETUP:
LONG (Bullish Breakout Play):
Entry: $0.38–$0.39
Stop-Loss: $0.36
Take-Profit 1: $0.42
Take-Profit 2: $0.45
Moon Target: $0.50+
SHORT (Rejection at Resistance Play):
Entry: $0.40–$0.42
Stop-Loss: $0.44
Take-Profit 1: $0.38
Take-Profit 2: $0.36
Collapse Target: $0.33
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Market Sentiment:
Technical indicators show a neutral signal with moving averages and oscillators indicating consolidation.
Whale activity has been notable, with significant staking events triggering DeFi interest.
Volume surge suggests growing investor interest and possible breakout.
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Deep Analysis:
Ethena (ENA) has been exhibiting signs of consolidation after a significant price drop from its all-time high. The recent increase in whale activity and trading volume indicates that big players are taking interest, which could lead to further price appreciation. However, traders should be cautious of potential short-term corrections due to market volatility.
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Final Thought:
ENA is showing signs of potential bullish momentum. Monitor key resistance levels and volume indicators to gauge the strength of the move. Stay alert and trade cautiously.
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Buy & Trade Now 👉$ENA
Trade at your own risk. This is a personal analysis and not financial advice.
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