$ENA is showing moderate bullish accumulation after reclaiming the supplied $0.175 horizontal resistance. Daily MACD continues printing bullish extension bars, while open interest is expanding alongside spot buying. The $0.175â$0.180 zone is the stated entry area, with $0.165 support and $0.210 resistance. The supplied catalyst is elevated Bitcoin perpetual funding, which directly relates to Ethena's delta-neutral hedging yield mechanics.
đ Bias: Moderate bullish accumulation | đŻ Entry: $0.175â$0.180 | đĄ Support: $0.165 | đ§ Resistance: $0.210 | đŻ Targets: $0.205, $0.230, $0.260 | â Invalidation: $0.158
Strategy: Structural round-bottom breakout.
#ENA #Ethena #DeFi #CryptoTrading #BinanceSquare
đ Bias: Moderate bullish accumulation | đŻ Entry: $0.175â$0.180 | đĄ Support: $0.165 | đ§ Resistance: $0.210 | đŻ Targets: $0.205, $0.230, $0.260 | â Invalidation: $0.158
Strategy: Structural round-bottom breakout.
#ENA #Ethena #DeFi #CryptoTrading #BinanceSquare
