🟣 $ENA IS SITTING AT A MAKE-OR-BREAK LEVEL
Ethena is trading right around the $0.263 support zone, while $0.30 remains the key resistance above.
My base case is still bullish.
If $ENA holds this support and breaks above $0.30, the next major level I’m watching is around $0.36, with room for a much bigger continuation after that.
But if $0.263 fails, the structure weakens fast and a deeper pullback toward $0.19 becomes possible.
For now:
70% bullish continuation.
30% deeper correction.
$0.30 is the level that unlocks the next move.
Ethena is trading right around the $0.263 support zone, while $0.30 remains the key resistance above.
My base case is still bullish.
If $ENA holds this support and breaks above $0.30, the next major level I’m watching is around $0.36, with room for a much bigger continuation after that.
But if $0.263 fails, the structure weakens fast and a deeper pullback toward $0.19 becomes possible.
For now:
70% bullish continuation.
30% deeper correction.
$0.30 is the level that unlocks the next move.
