ENA just pumped +11% to $0.155 and the setup screams trend continuation. Not hype — real, sustained buying pressure 📈
Ethena is up double digits today with $48.5M in volume (1.15x normal — steady, not frothy). The 4H RSI at 58.9 has plenty of room. Daily RSI at 74.4 is strong but not dangerously overbought. Long/short ratio at 1.77 shows traders are committed to the upside.
What makes this interesting is the daily chart structure: price has been building higher lows for days, climbing from $0.091 (99-day MA) to $0.155. That's a 70% move from the bottom, and it's done on normal volume — meaning it's organic, not a pump-and-dump pattern. The 4H MACD is positive and expanding (+0.0002 histogram), and price is holding above the 7-period MA ($0.146).
The key insight: when an altcoin moves 11% on NORMAL volume, it means the buying is steady and sustainable. Pump-and-dumps show 5-10x volume spikes. This is different. This is accumulation.
Trade Plan 📊
Entry: $0.152 — $0.159 (4H SMA7 support zone)
Stop Loss: $0.140 (below psychological $0.15)
TP1: $0.170 (measured move)
TP2: $0.185 (resistance zone)
TP3: $0.200 (round number target)
R:R ≈ 1:2.3 on TP1
The DeFi narrative is alive and kicking. ENA is leading the charge.
ENA breaking $0.16 next or consolidating first? 👇
#ENA #Ethena #DYOR
⚠️ Not financial advice. DYOR. Manage your risk.