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🚀 Let’s break down $ENA /USDT (Ethena) – 1D Chart. Current

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Updated at: 7 hours ago

{"content":"🚀 Let’s break down $ENA /USDT (Ethena) – 1D Chart. Current price: $0.6651 📊 Technical Overview MA7 = $0.6733, MA25 = $0.6868, MA99 = $0.4447 → Price is consolidating slightly below MA7 & MA25, but still well above MA99, meaning the long-term trend remains bullish. Recent breakout from $0.45 – $0.50 accumulation zone has carried ENA into the $0.80 region, where it faced rejection. Current structure shows a healthy pullback, possibly building strength for another leg up. 🛡️ Supports Support 1: $0.62 – $0.63 (key demand zone) Support 2: $0.58 (trendline + psychological) Support 3: $0.45 (MA99, major support) 🎯 Bullish Targets Target 1: $0.75 – $0.80 (short-term resistance) Target 2: $0.95 – $1.00 (psychological breakout level) Target 3: $1.20 – $1.30 (November 2024 peak zone) Target 4: $1.60 – $1.80 (macro resistance before ATH) Moonshot: $2.00+ 🚀 (potential ATH retest if volume/hype returns) 📝 Trade Idea Entry Zone: $0.62 – $0.66 (current levels are solid accumulation) TP1: $0.75 – $0.80 TP2: $0.95 – $1.00 TP3: $1.20+ Stop-loss: below $0.58 ⚡ Summary: Ethena ($ENA) is in a post-breakout consolidation phase. If bulls defend $0.62 – $0.63, the next wave could push ENA to $0.95 – $1.20. Holding above $1 would flip the structure into macro bullish territory, opening doors to $2.00+. #Write2Earn ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/28/37ca7d0c812e40e3ba3d80508f03bf2d.png"],"tags":[],"tradingPairs":["ENA/USDT"],"quotearticleid":0}

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