Ethena (ENA) is gaining attention after climbing 9.88% to $0.2169, with 24-hour trading volume reaching approximately 234.90 million ENA and $49.55 million in USDT volume.

But can ENA push higher, or is a short-term pullback coming? Let’s examine the 1H and 1D charts. 📊

⏱️ 1H Chart: Short-Term Momentum

Current price: $0.2169

  • MA(7): $0.2189

  • MA(25): $0.2067

  • MA(99): $0.1930

ENA is trading below its short-term MA(7), suggesting some immediate selling pressure after the recent move. However, the price remains above MA(25) and MA(99), keeping the broader hourly structure constructive.

Resistance levels:

  • $0.2260 — recent 24-hour high

  • $0.2281 — next chart level to watch

Support levels:

  • $0.2099–$0.2067 — nearby support zone

  • $0.2007 — additional downside level

  • $0.1930 — MA(99) support reference

A sustained move above $0.2260–$0.2281 could strengthen bullish momentum. Failure to hold $0.2067 may increase the chance of a deeper pullback.

📅 1D Chart: Bigger Picture

Daily moving averages:

  • MA(7): $0.1976

  • MA(25): $0.2235

  • MA(99): $0.1525

ENA is above its daily MA(7) and MA(99), but remains below the daily MA(25) near $0.2235. This makes the $0.2225–$0.2235 region an important area to watch for a possible trend-strength confirmation.

Daily resistance: $0.2225–$0.2235, followed by $0.2625 if momentum continues.

Daily support: $0.1976, with $0.1825 as a lower chart reference.

A daily move above the MA(25) could improve the recovery outlook. Rejection around this area, however, may lead to consolidation or a retracement.

🎯 What Traders Should Watch

🟢 Bullish scenario: ENA breaks above $0.2260, holds the breakout area, and gains further confirmation above the daily MA(25).

🔴 Bearish scenario: ENA fails to clear resistance and loses the $0.2067 support zone, opening the possibility of a move toward lower support levels.

My takeaway: ENA has strong short-term gains, but the daily MA(25) remains a key hurdle. Confirmation matters more than chasing a green candle.

💬 Discussion: Can ENA reclaim $0.2235 and continue higher, or will sellers push it back toward $0.2000?

⚠️ This analysis is based on the chart data provided and is for educational purposes only, not financial advice. Crypto markets are volatile; always do your own research and manage risk.

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