📈 ENA printing higher highs on the 4H chart while most alts struggle. The Ethena protocol token is showing relative strength — that deserves attention.
📊 The Picture:
Price at $0.0916 with the 4H RSI at 65.8 — bullish but not overbought. Price is testing the 99-day SMA ($0.0919) right now. A clean break above could trigger momentum buying. Volume is expanding on green candles.
🧠 Why This Looks Interesting:
In a fear-driven market (FGI=25), relative strength is one of the most reliable signals. ENA is holding above key moving averages while others are breaking down. The DeFi yield narrative could be the next sector rotation target.
📋 The Plan:
→ Entry: $0.085 - $0.092 (current zone)
→ Stop Loss: $0.078 (-10.9%)
→ TP1: $0.100 (+9.2%)
→ TP2: $0.120 (+31%)
Risk/Reward: 1.1:1 | Confidence: 73%
⚠️ Volume declining (0.68x ratio) — need to see expansion for confirmation.
ENA on your radar yet? Or still too early? 👇
#ENA #Ethena #DYOR
⚠️ Not financial advice. Always do your own research and manage risk carefully.