$ENA
Recently, ENA has been consolidating and building a bottom, with prices repeatedly testing support in the range of 0.7-0.9. With market sentiment warming up, momentum has increased after a short-term breakout of the 0.95 resistance level. From a technical perspective, the MACD daily chart shows an initial golden cross; if it stabilizes above the key psychological level of 1.0, it is expected to open up upside potential towards the previous high of 1.2.
In the medium to long term, the demand for stablecoin yield protocols in the ENA ecosystem is growing, coupled with the continuous expansion of collaborative ecosystems (such as Layer 2 projects), providing strong fundamental support. Caution is needed regarding market volatility risks, but if BTC stabilizes, ENA may become a leader in the rebound. Optimistically, if it breaks through the resistance level of 1.5 in Q3, it may open a new cycle. It is recommended to accumulate in batches when prices are low and to pay attention to on-chain data and partner progress.
