$ENA ### **Technical Analysis: ENA (Ethena) / Tether (USDT)**

#### **Support and Resistance Levels:**

- **Support Levels:** $0.3398, $0.3200, $0.3000

- **Resistance Levels:** $0.4146, $0.4500, $0.5000

#### **Entry Signal:**

- **Buy Signal:** Look for a bullish candlestick pattern, such as a hammer or engulfing pattern, near the support level of $0.3398. This indicates a potential reversal and buying opportunity.

#### **Stop Loss:**

- **Stop Loss:** Place a stop loss slightly below the support level, around $0.3200, to minimize potential losses if the price moves against your position.

#### **Take Profit Levels:**

- **First Take Profit:** Target the first resistance level at $0.4146 for a conservative take profit.

- **Second Take Profit:** If the price continues to rise, consider setting a second take profit at $0.4500.

### **Summary:**

ENA (Ethena) is currently showing a strong upward trend with a recent high of $0.4146[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.binance.com/en-NG/square/post/14841171559265?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). The support level at $0.3398 is crucial to watch, as a break below this could indicate further downside. However, if the price holds above this support, there is potential for a move towards the resistance levels.

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