$ENA ๐ PRICE UPDATE: BULLS TAKE A BREATHER! ๐ฅ
๐ ENA/USDT | 4H Chart Analysis
$ENA is trading around $0.2335, up 4.85% in 24 hours, after a strong rally from the $0.2198 low to a high of $0.2474! ๐ However, the latest red candles show that sellers are stepping in near the resistance zone. Price is now testing short-term support after facing rejection near the MA(99) at $0.2427. Despite this pullback, ENA remains above its MA(25) at $0.2215, suggesting the broader recovery could still be alive. ๐
๐ฏ Key Levels to Watch: ๐ข Support: $0.2306 โ $0.2330 ๐ Resistance: $0.2366, $0.2427 ๐ฅ Major Resistance: $0.2474
If buyers defend the $0.2300 zone and reclaim $0.2366, ENA could attempt another move toward $0.2427 and potentially retest $0.2474. However, a breakdown below $0.2300 may open the door to a deeper correction toward $0.2245. ๐
๐ก My Take: ENA is cooling off after a strong upward move. Watch volume and the $0.2300 support zone closely before expecting the next big move. A breakout needs confirmation, while losing support could bring more downside volatility.
๐ฅ Are you BULLISH or BEARISH on $ENA? Drop your targets below! ๐
#ENA
#Ethena #CryptoAnalysis #BinanceSquare #Altcoins
#TradingSignals
๐ ENA/USDT | 4H Chart Analysis
$ENA is trading around $0.2335, up 4.85% in 24 hours, after a strong rally from the $0.2198 low to a high of $0.2474! ๐ However, the latest red candles show that sellers are stepping in near the resistance zone. Price is now testing short-term support after facing rejection near the MA(99) at $0.2427. Despite this pullback, ENA remains above its MA(25) at $0.2215, suggesting the broader recovery could still be alive. ๐
๐ฏ Key Levels to Watch: ๐ข Support: $0.2306 โ $0.2330 ๐ Resistance: $0.2366, $0.2427 ๐ฅ Major Resistance: $0.2474
If buyers defend the $0.2300 zone and reclaim $0.2366, ENA could attempt another move toward $0.2427 and potentially retest $0.2474. However, a breakdown below $0.2300 may open the door to a deeper correction toward $0.2245. ๐
๐ก My Take: ENA is cooling off after a strong upward move. Watch volume and the $0.2300 support zone closely before expecting the next big move. A breakout needs confirmation, while losing support could bring more downside volatility.
๐ฅ Are you BULLISH or BEARISH on $ENA? Drop your targets below! ๐
#ENA
#Ethena #CryptoAnalysis #BinanceSquare #Altcoins
#TradingSignals