$ENA is gaining traction!
Trading at ~$0.62 after a 10% surge in 24 hours, Ethena’s synthetic dollar protocol is showing strength.
Currently near key support at $0.55, with a potential double bottom forming.
Trade Setup :
Entry : ~$0.60 (near current price for confirmation).
Target : $0.85 (Fibonacci resistance zone).
Stop Loss : $0.50 to limit downside.
Strong DeFi fundamentals, $8B TVL, and whale accumulation signal upside.
Watch for a breakout above $0.67 to confirm the rally!