🔍 #Ethena (ENA) Technical Report – Is the Breakout Brewing?
📌 Latest Price Setup:
Current Price: ~$0.6720 (+13.33%) — hitting daily highs near $0.6786, lows around $0.5421
Daily Range: $0.5420 – $0.6786 — showing a strong bounce off recent lows
🧠 Technical Summary:
Overall Sentiment: Strong Buy signal across multiple timeframes — from hourly to monthly
Oscillators: RSI ~68 (bullish), MACD positive, ADX strong at 46 — trend confirmation forming
Moving Averages: All major MAs (5–200) are giving buy signals, confirming upward momentum
📈 Key Levels to Watch:
Support Zones: around $0.6360 – $0.6605, pivot base at ~$0.5860
Immediate Resistance Zones: $0.6660–$0.6747 is key — breakout above $0.68 targets next highs at $0.70+
🎯 Trade Idea $ENA ;
Aggressive Long Entry: Above $0.68
🛑 Stop Loss: Below $0.64
🎯 Targets:
• TP1: $0.70
• TP2: $0.72–$0.74
• TP3: If momentum stays strong: $0.78+
⚠️ If price fails at $0.66–$0.68 resistance, look for consolidation or pullback. A close below $0.63 may invalidate breakout setup.
🧩 Final Insight:
$ENA is looking healthy with strong technicals — volume-driven rally, bullish indicators, and clean support zones. If it breaks and holds above $0.68, the next leg up could be explosive 🔥
But keep an eye on risk zones and wait for confirmation before jumping in.