ENA Price Analysis!!!
ENA Price Surges Above 0.70 – Bullish Momentum Builds. Ethena (ENA) has staged a strong recovery, breaking past key resistance levels to trade at 0.72, up 15% this week. This rally comes amid improving sentiment in the crypto market, with Bitcoin reclaiming 120k and DeFi tokens gaining traction.
Key Levels to Watch Immediate Support 0.68 (previous resistance, now support), Next Resistance 0.80 (psychological barrier & Fib retracement level)
Strong Support 0.60 (demand zone if a pullback occurs)
Technical Indicators Signal Strength, The RSI (55) shows room for further upside before overbought conditions.
The MACD has flipped bullish, with the histogram expanding upwards. Trading volume has increased by 30%, confirming buyer interest.
Short-Term Outlook, If ENA holds above 0.70, a test of 0.80 is likely. A rejection here could see a retest of 0.65–0.68 before another push upward.
Trading Strategy bulls should watch for sustained closes above 0.70, while short-term traders may take profits near 0.78–0.80.
Becarefull and stay updated Thanks