ā”š $ENA / USDT (Ethena) ā Bulls Loading for the Next Wave! šā”
Current Price: $0.6651
š Technical Overview
MA7: $0.6733 ā price slightly under short-term trendline
MA25: $0.6868 ā consolidation just below mid-term resistance
MA99: $0.4447 ā price holding far above long-term support (trend still bullish ā )
š„ After breaking out from the $0.45 ā $0.50 accumulation zone, ENA blasted to the $0.80 region before facing rejection. Now, the chart shows a healthy pullback ā exactly the kind of setup bulls love before the next push upward.
š”ļø Support Levels
$0.62 ā $0.63: Key demand zone (must-hold)
$0.58: Trendline + psychological support
$0.45: MA99 ā macro support
šÆ Bullish Targets
TP1: $0.75 ā $0.80 ā immediate resistance retest
TP2: $0.95 ā $1.00 ā psychological breakout zone
TP3: $1.20 ā $1.30 ā November 2024 peak zone
TP4: $1.60 ā $1.80 ā macro resistance before ATH
Moonshot š: $2.00+ ā ATH retest if hype & volume return
š Trade Idea
Entry Zone: $0.62 ā $0.66 (prime accumulation levels ā )
Stop Loss: below $0.58 (trend invalidation)
Take Profits:
⢠TP1: $0.75 ā $0.80
⢠TP2: $0.95 ā $1.00
⢠TP3: $1.20+
ā” Summary:
Ethena is in a post-breakout consolidation phase. If bulls keep defending the $0.62 ā $0.63 demand zone, ENA has the fuel to rally toward $0.95 ā $1.20. A confirmed breakout above $1.00 would flip the structure into macro bullish mode, opening the doors to $2.00+ ATH retest! šš„
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