🚀 $ENA /USDT Breakout — Is Ethena Set for a Major Comeback?
Current Price: $0.3635
4H Change: +5.36%
📊 Moving Averages:
• 20MA: $0.2875 — now acting as solid support
• 200MA: $0.2813 — successfully reclaimed
🔍 Chart Insights:
✅ Sharp recovery as ENA breaks above both the 20MA and 200MA — a classic golden cross-style setup.
✅ After months of sideways movement, the price has printed a strong impulse candle.
✅ A notable surge in volume suggests renewed interest from whales or institutions.
🎯 Key Resistance Levels:
• $0.42 — Local high from early June
• $0.55 — April’s peak and major psychological level
• $0.80 - $1.00 — Macro resistance zone signaling potential full recovery
🛡️ Important Support Zones:
• $0.29 - $0.31 — New demand area around the MAs
• $0.24 — Previous breakout level and secondary support
🔮 Outlook:
ENA has broken through long-standing resistance and is showing early signs of a trend reversal. If momentum continues, this could spark a powerful bullish cycle.
Keep an eye on volume and daily chart confirmation. A successful retest and hold above $0.30 would strengthen the bullish case.