$ENA
Buy Zone: Consider purchasing ENA between $0.35 and $0.37.
Target Prices:
First Target (TP1): $0.40
Second Target (TP2): $0.45
Third Target (TP3): $0.50
Stop Loss: Set a stop loss at $0.33 to limit potential losses.
Market Sentiment:
Recent developments have influenced ENA's price dynamics:
Token Unlock Event: Ethena is set to release 2.07 billion tokens, accounting for 66.19% of ENA’s circulating supply, valued at $820 million. This significant increase in supply could impact the token's price.
Network Activity Surge: There has been a 328.77% increase in network engagement over the past week, indicating growing interest and adoption of ENA.
Key Levels to Watch:
Resistance Levels:
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