Ethena Experiences Strong Price Uptrend with Clear Technical Support Levels
Ethena (ENA) is experiencing robust bullish momentum, with prices consistently setting new heights. A temporary pullback towards $0.67 might pave the way for further gains, perhaps reaching the $0.96 milestone.
The $0.67 level represents a crucial support point, coinciding with the 0.618 Fibonacci retracement. If the market dips hear, it could consolidate and than create increased upward pressure.
- near-Term Support: $0.67 aligns with the 0.618 Fibonacci
- Next Major Resistance: $0.96 – a yearly high not tested since early 2025
- Volume Flow: Exhibits strong bullish patterns sustaining the trend
Technical analysis underscores the significance of the $0.67 threshold, suggesting an ideal spot for a bullish rebound. maintaining this lower bound would reinforce an upward trajectory.
Above $0.96 lies uncharted territory. Breaking through this barrier could see ENA posting fresh yearly highs,likely attracting more buyers.
The volume metrics reinforce this positive outlook, with continuous high buying activity signaling steady market interest. Currently, the uptrend lacks any technical hints of deceleration.
if Ethena retreats briefly to $0.67, investors should view this as a buying chance rather than a red flag.Holding at $0.67 might lead to a favorable surge toward $0.96, solidifying the current bullish stance.
