$ENA

$ENA once again demonstrates a familiar pattern that has previously led to explosive volatility. After rising nearly 120% from the bottom of \$0.27, the token is now retesting the critical \$1.3 resistance level — an area that was previously rejected. The price action shows resilience, with strong support holding above \$0.50, indicating that the bulls are still in control. This structure suggests that if \$ENA can break through and maintain above \$1.3, it could quickly rise to \$1.5, driven by regained momentum and investor confidence.

However, the recent daily decline of 7.24% is not to be overlooked. The key is to determine whether this is a healthy correction after a strong rebound, or a red flag indicating potential concerns. Price action alone does not tell the full story. Anyone considering a position should delve into Ethena's long-term business model, ecosystem growth, and tokenomics. Sustainability is crucial. A strong technical setup is powerful, but there must be solid fundamentals to support it. Timing based on technical confirmation and business insights could provide the best opportunity to ride the next wave.