💰 #ENA Global Token Outlook
Ethena is a fundamentally strong project. Its global movement stands out from other assets that are currently in a downtrend.
On the weekly timeframe, we can clearly see a well-established range ↗️. There is ongoing consolidation between the support levels of approximately $0.21 and $1.27.
At the moment, the price is logically moving toward the lower boundary of this range. I believe this is the main target for the current decline 📉.
Looking ahead, I expect a gradual move toward the upper boundary. First, there will likely be a touch of the lower boundary, followed by a move toward the upper boundary. It’s a straightforward scenario within the logic of a sideways market 💁♂.
