1. Summary

$ENA Short-term bias is neutral, leaning bullish if a 1H close confirms above the resistance area; prioritize probing on confirmation or buying on reaction at support if there is a clear rejection.

• The price is currently trading around 0.65 USDT.

• The factor to monitor is the follow-through volume and maintaining the 0.62 support area.

2. Synthesis Analysis

On the 1H frame, the price is consolidating around the 0.62-0.66 area with significant resistance around 0.69-0.75; RSI is at a neutral level and volume needs to increase to confirm continuation. Fundamentally, the inflow of funds into USDe and a positive roadmap support demand, while the unlock and vesting schedule could create supply pressure if there is a large issuance.

3. Strategy

  • Entry: Buy on probe if 1H closes above 0.695, or buy on reaction when there is a wick rejection at 0.62-0.625 with confirming volume.

  • Stop-loss: SL = 0.605 below the support cluster to avoid false wicks.

  • TP1: 0.75 the first supply zone.

  • TP2: 0.90 extended target if momentum continues with volume.

  • Exit triggers: Exit early when seeing large amounts moving into CEX, significant unlock announcements, whale sell spikes, or if retest does not hold at 0.62.