$ENA ENA (Ethena) has shown a strong short-term rebound over the last few sessions.
ENA closed around $0.1406 on Aug. 22, after reaching an intraday high near $0.1529.
The Aug. 21 candle showed a particularly strong bullish move, with a high around $0.1559.
Momentum has improved significantly from the $0.08–$0.09 area.
The $0.135–$0.14 zone is an important near-term support area.
Resistance is around $0.153–$0.156.
A sustained breakout above $0.156 could strengthen the bullish setup.
If price falls below $0.135, the recent rally could weaken.
A previous technical analysis identified $0.13237 as a major 200-day EMA level, making the current area especially important.
#GrayscaleFilesFifthZECETFAmendment
#SandboxSANDSuspectedInfiniteMintFlawOnBase
ENA closed around $0.1406 on Aug. 22, after reaching an intraday high near $0.1529.
The Aug. 21 candle showed a particularly strong bullish move, with a high around $0.1559.
Momentum has improved significantly from the $0.08–$0.09 area.
The $0.135–$0.14 zone is an important near-term support area.
Resistance is around $0.153–$0.156.
A sustained breakout above $0.156 could strengthen the bullish setup.
If price falls below $0.135, the recent rally could weaken.
A previous technical analysis identified $0.13237 as a major 200-day EMA level, making the current area especially important.
#GrayscaleFilesFifthZECETFAmendment
#SandboxSANDSuspectedInfiniteMintFlawOnBase
