Ethena (ENA) Price Analysis for the Week
The ENA price has completed the parabolic recovery and is subjected to a correction, which points to a potential cup & handle pattern
The price tested the local support at $0.52 and rebounded, but it is yet to validate the recovery that could happen once the levels surpass & sustain above $0.61
The RSI has begun with a bullish divergence, while the volume has remained incremental since the beginning of July
Therefore, the Ethena price may rise and reach $0.6974 local resistance if it continues to rise, but it may encounter a strong bearish action before surpassing $0.7
On the other hand, if the bears continue to slash the prices lower, it could enter the support zone close to $0.45 which could attract a significant liquidity and propel prices beyond $0.7 which may further lead to $1
Artificial SuperIntelligence Alliance (FET) Price Analysis for the Week
As seen in the above chart, the FET price has broken the decisive symmetrical triangle and is heading towards the local support at $0.571
The supertrend has turned bearish while the RSI has almost reached the lower threshold, which may seem a bearish continuation
Meanwhile, the RSI is trying to rebound, but it needs to be seen whether it is another lower high, which could be confirmed during the weekend
Therefore, the FET price is required to rise into the symmetrical triangle and clear the resistance at $0.82 which could place the token at the apex of the consolidation
Hence, a breakout from these levels may help the price to clear the pivotal resistance at $1 and a sustained rally may hep the FET price to remain elevated $ENA