Recently, the price of Ethena has experienced significant fluctuations! 📈 It surged dramatically in the short term, rising 108.49% in a month and 14.41% in a week. However, looking back, it has dropped 24.02% over the past six months.

This indicates that after a sudden surge in buying, the price has gone through a prolonged correction, showing considerable volatility. There are plenty of short-term opportunities, but one must pay close attention to the long-term trend 👀.

Currently, the price of Ethena is fluctuating between $0.20 and $0.35, with $0.44 as a strong resistance level. If it breaks through that, the next target is $0.60. The support level is at $0.14, providing a cushion if it falls to that point. Technical indicators show that the RSI is slightly overbought (65.47), but the momentum is still there, and buying interest remains quite strong 👍. #ENA

In the short term, the bulls have the upper hand, but the trend is still not clear enough, so everyone should operate with caution. It is advisable to consider entering near the support level and to take profits when approaching the resistance level, while also remembering to set a stop loss. Being prudent is the most important thing! #ethena