๐ $ENA /USDT Breaks Out โ Is the Ethena Comeback Underway?
Current Price: $0.3635
Change (4H): +5.36%
MA Levels:
20MA: $0.2875 (now strong support)
200MA: $0.2813 (successfully reclaimed)
๐ Chart Breakdown:
โ
Golden cross-style recovery as price blasts through both 20MA and 200MA.
๐ After months of sideways consolidation, ENA prints a strong impulse candle.
๐ฅ Volume spike hints at institutional or whale interest.
๐ฏ Next Resistance Levels:
$0.42 โ Local top from early June.
$0.55 โ April high, psychological pressure point.
$0.80 - $1.00 โ Macro resistance zones for full recovery.
๐ก๏ธ Key Supports:
$0.29 - $0.31 โ MA cluster, new demand zone.
$0.24 โ Former breakout level, secondary support.
๐ฎ Final Word:
ENA has awakened from slumber โ breaking long-term resistance and flipping trend. If market sentiment holds, this could mark the beginning of a powerful upward cycle.
Watch for volume continuation and confirmation on the daily chart. Retesting $0.30 and holding would be a strong bullish signal.
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