🔥 $ENA is preparing for a strong movement with the arrival of September!
After a period of fluctuations, the Ethena (ENA) currency has begun to show signs of stability, currently trading around $0.65 📈
💪 Buyers are strongly defending the $0.64 level, indicating clear support.
📊 The chart shows that ENA is confined within a range of $0.65 – $0.85
📍 A breakout of the $0.72 – $0.75 area could pave the way for a return to the July peak at $0.85
⚠️ Conversely, breaking support at $0.64 may open the door for a retreat towards $0.58 – $0.60
📉 Trading volume is stable
📈 Open interest is high → the market is ready to move
🔄 Short positions are dense → a significant buying pressure is likely in case of a resistance breakout
🔮 The outlook is cautiously positive, with a chance to re-test the upper limit of the range during September
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