$ENA ENA shows interesting dynamics after a recent correction. On the daily timeframe, the price bounced off the key support zone of $0.75–$0.80, where liquidity clusters were previously observed. The rate is currently testing resistance in the range of $0.95–$1.00 — this is a psychologically important level, breaking through which could open the way to $1.20.
Trading volumes are gradually increasing, indicating a resurgence of interest from major players. The RSI (14) indicator has exited the oversold zone and is now in the neutral area around 55, leaving room for further growth.
My strategy:
- **For conservatives:** I’m waiting for confirmation of a hold above $1.00 with increasing volumes before entering long.
- **For aggressive traders:** It may be worth considering a partial entry in the current price range of $0.90–$0.95 with a stop-loss below $0.80.
Key risk factors:
- Overall market volatility (especially if BTC starts a correction)
- News regarding the Ethena Labs ecosystem