Current Price & 24H Range
Current Price (USD): ≈ $0.7927 (which also serves as a close proxy for $ENA /USDT)
24H High: around $0.7958
24H Low: around $0.7201
Other platforms corroborate this range such as Gate.com (High: 0.7927, Low: 0.7171) and CoinGecko (Range: 0.7225 – 0.7879) .
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Price Action Analysis
Ethena has staged a robust rebound after dipping below $0.72 this week. Buying pressure is evident as prices push back near the $0.80 zone. The price tends to hover near key resistance (0.79–0.80) after a healthy corrective dip, indicating strong interest at these levels.
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Key Technical Levels
Support Zones:
$0.72–$0.73 – recent low and current holding zone.
$0.70 – psychological buffer, if major support gives way.
Resistance Zones:
$0.79–$0.80 – immediate overhead resistance.
$0.82–$0.83 – next upside target should the breakout sustain.
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Potential Trade Setups
Long Setup (Bullish)
Entry: On a confirmed break above $0.80 with volume.
Targets:
1. $0.82
2. $0.85 (if momentum builds)
Stop Loss: Just below the breakout zone, around $0.78
Short Setup (Bearish Rejection)
Entry: Near $0.80–$0.81 if price shows signs of rejection/failure to close above.
Targets:
1. $0.75
2. $0.72 (key support)
Stop Loss: Above $0.82
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Pro Tip
Keep an eye on trading volume—breakouts on low volume are more prone to false moves. A strong volume surge above resistance increases the probability of sustaining the trend.
