🚀 Let’s break down $ENA /USDT (Ethena) – 1D Chart. Current price: $0.6651
📊 Technical Overview
MA7 = $0.6733, MA25 = $0.6868, MA99 = $0.4447
→ Price is consolidating slightly below MA7 & MA25, but still well above MA99, meaning the long-term trend remains bullish.
Recent breakout from $0.45 – $0.50 accumulation zone has carried ENA into the $0.80 region, where it faced rejection.
Current structure shows a healthy pullback, possibly building strength for another leg up.
🛡️ Supports
Support 1: $0.62 – $0.63 (key demand zone)
Support 2: $0.58 (trendline + psychological)
Support 3: $0.45 (MA99, major support)
🎯 Bullish Targets
Target 1: $0.75 – $0.80 (short-term resistance)
Target 2: $0.95 – $1.00 (psychological breakout level)
Target 3: $1.20 – $1.30 (November 2024 peak zone)
Target 4: $1.60 – $1.80 (macro resistance before ATH)
Moonshot: $2.00+ 🚀 (potential ATH retest if volume/hype returns)
📝 Trade Idea
Entry Zone: $0.62 – $0.66 (current levels are solid accumulation)
TP1: $0.75 – $0.80
TP2: $0.95 – $1.00
TP3: $1.20+
Stop-loss: below $0.58
⚡ Summary: Ethena ($ENA) is in a post-breakout consolidation phase. If bulls defend $0.62 – $0.63, the next wave could push ENA to $0.95 – $1.20. Holding above $1 would flip the structure into macro bullish territory, opening doors to $2.00+.
