$ENA is looking interesting after a strong push, but this is where I’d avoid chasing candles.
On the 1H chart, ENA is around $0.2038 and holding above the 7MA ($0.1989) and 25MA ($0.2001), while the 99MA sits much lower at $0.1692. RSI(6) is near 61.5, showing bullish momentum without being deeply overheated. The key zone to watch is $0.2088–$0.2218; a clean break could keep momentum alive. If price slips back, $0.2000 and then $0.1920 are important areas.
Fundamentally, Ethena is expanding beyond trading: Ethena Pay is now live, while USDe and sUSDe recently expanded to TRON. Those developments strengthen the ecosystem narrative, but upcoming token-supply changes remain a risk.
For me, $ENA is a momentum story right now—confirmation matters more than FOMO.
#ENA #Ethena #DeFi
On the 1H chart, ENA is around $0.2038 and holding above the 7MA ($0.1989) and 25MA ($0.2001), while the 99MA sits much lower at $0.1692. RSI(6) is near 61.5, showing bullish momentum without being deeply overheated. The key zone to watch is $0.2088–$0.2218; a clean break could keep momentum alive. If price slips back, $0.2000 and then $0.1920 are important areas.
Fundamentally, Ethena is expanding beyond trading: Ethena Pay is now live, while USDe and sUSDe recently expanded to TRON. Those developments strengthen the ecosystem narrative, but upcoming token-supply changes remain a risk.
For me, $ENA is a momentum story right now—confirmation matters more than FOMO.
#ENA #Ethena #DeFi
