After yesterday's decline, $BONK , $PENGU , and $ENA have all reached crucial support levels!
Following yesterday, popular tokens like BONK, PENGU, and ENA may revisit deeper Fibonacci retracement levels, potentially providing key areas for a rebound.
Currently, ENA has fallen below 0.5532, but the surge in trading volume indicates increased market activity, primarily driven by sellers. To regain bullish momentum, the three coins mentioned above have all formed defenses and are strongly rising!
Among them, Meteor is relatively optimistic about ENA, which has maintained a 12.86% increase over the past week.
The recent strength of ENA is mainly due to significant capital inflow into the ecosystem; USDe has skyrocketed by 3.1 billion in just 20 days, and TVL has reached a new high.
Moving forward, Meteor recommends that everyone consider accumulating ENA gradually, holding in batches, with contract players mainly focusing on long positions and playing short-term fluctuations. This coin shouldn't be held for too long, as there is a fear that another drop in ETH could lead to ENA's decline again!
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