💹 $ENA/USDT – Technical Analysis (August 7, 2025)
📈 Current Price: $0.64
🔼 Upside Targets (Resistance Levels):
1. $0.645 – Immediate breakout zone (R1)
2. $0.78 – Bullish flag target
3. $1.00 – Extended bullish milestone
🔽 Downside Targets (Support Levels):
1. $0.634 – Pivot support
2. $0.628 – S1 level
3. $0.575 – Strong base support zone
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📊 Key Technical Indicators:
RSI(14): 69.5 → Approaching overbought
MACD: Bullish momentum
Stochastic RSI: 90 → Overbought caution
Moving Averages: All timeframes = Buy
Volume Spike: High whale accumulation (>1B ENA)
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📌 Trade Plan
Long Entry: Above $0.645 (confirmed breakout)
Pullback Entry: $0.628–$0.634
Short Setup: If rejection near $0.645, target $0.575
🛡️ Stop-Loss Recommendations:
Conservative: Below $0.63
Aggressive: Below $0.575
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🧠 Market Insight
Ethena (ENA) is building strength with bullish chart patterns, whale buying pressure, and growing adoption via its USDe stablecoin. While the trend is bullish, overbought indicators suggest watching closely for a short-term pullback before further rally.
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🔗 #Tags:
#ENA #Ethena #CryptoTrading #Altcoins #TechnicalAnalysis #Cryptocurrency #CryptoSignals #Bullish #DeFi #USDT #CryptoNews #PricePrediction #WhaleActivity #CryptoIn401(k) #BTC #ENA
