📊 Technical Analysis of $ENA (Ethena)

Current Price: US$ 0.6705

Variation in the last 24h: +3.39%

Intraday Range: low at US$ 0.6444 and high at US$ 0.6966

Market Capitalization: US$ 2.92 billion

Trading Volume (24h): US$ 675.09 million

🔍 Technical Analysis

RSI: 74.91 — indicating overbought conditions

Chart Pattern: $ENA is testing the resistance around US$ 0.70, with potential for breakout and price increase

Volume: high, suggesting favorable liquidity

📈 Entry Strategies

Conservative Buy (Long):

Entry: US$ 0.65 – 0.67

Stop Loss: below US$ 0.63

Take Profit:

TP1: US$ 0.70

TP2: US$ 0.75

Bullish Breakout:

Entry: close above US$ 0.70 with increasing volume

Stop Loss: US$ 0.68

Take Profit:

TP1: US$ 0.75

TP2: US$ 0.80