$ENA
Ethena (ENA): “Momentum Meets Resistance”.
Ethena (ENA) is trading around $0.74, experiencing small daily gains but good recent momentum. ENA gained more than 10 % in the past few days and has outperformed many other altcoins.
ENA is being bought and is on the rise. It has encountered resistance in the $0.70–$0.75 range. If it can get above and stay above $0.75, its next target could be $0.88. However, if the rally decelerates, it could revisit its support levels in the $0.60 area. If the selling occurs on the pullback, it could go deeper to $0.55 or even $0.50.
For short-term trades, enter long positions in the $0.60–$0.65 zone for a bounce attempt.
For long-term investors, the $0.50–$0.55 area is a more compelling value, especially if the project continues to get adopted.
If demand for its ecosystem remains strong, we may continue to see ENA appreciate and test even higher levels in the coming months. 🚀🛡
