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Hey friends! Here’s a simple and casual update on Ethena ($ENA ) and why things are looking bullish:
Ethena is keeping up its momentum, showing a string of higher highs and higher lows. That’s classic uptrend behavior—good sign. A little pullback to about $0.67 could actually set things up for it to bounce higher toward the next big resistance around $0.96. That level hasn’t been tested this year, so breaking through it could be a big deal for the price.
Here’s a quick snapshot:
Key support: $0.67 — this aligns with the important 0.618 Fibonacci level, making it a strong base if the price dips.
Next resistance: $0.96 — a clean breakout here could establish new yearly highs.
Bullish momentum: Volume remains strong, confirming the uptrend is healthy and backed by solid buying activity.
So in simple terms: if Ethena holds above $0.67 and the bulls stay in charge, we might see a run toward that $0.96 mark soon.
Let me know if you'd like a road map on entry points or how this fits into the broader trend!
Source: crypto.news article
