Recently, there’s been a noticeable increase in VC/KOL backing Ethena (ENA).
ENA has broken out above $0.30 and now price is at key resistance at 0.46
Stay below 0.445 on the hourly chart, and we could see a decline toward the 0.40 to 0.38 range (wVAP). A bounce is likely here, followed by a potential retest of 0.44 (dPOC).
Any rejection we get at 0.44, I'm expecting for the singleprints to be filled at 0.36 to 0.28 zone.
ENA has broken out above $0.30 and now price is at key resistance at 0.46Stay below 0.445 on the hourly chart, and we could see a decline toward the 0.40 to 0.38 range (wVAP). A bounce is likely here, followed by a potential retest of 0.44 (dPOC).
Any rejection we get at 0.44, I'm expecting for the singleprints to be filled at 0.36 to 0.28 zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.