Ethena (ENA) Analysis
Current Price
• $0.9430
• 24h Change: -11.40%
• 7-day Change: -11.00%
• 30-day Performance: +73.09%
• 90-day Performance: +267%
Support and Resistance
• Primary Support: $0.940 (important short-term defense line).
• Next Support: $0.920 (sensitive zone if the price breaks the current support).
• Primary Resistance: $1.07 (50-period average, indicating strong selling pressure).
• Secondary Resistance: $1.20 (strongest resistance in bullish scenarios).
Current Trend
The Ethena (ENA) coin is in correction after a period of exponential growth of 73% in the last 30 days. The Stochastic RSI is indicating an oversold zone in the short term, suggesting a possible reversal if the $0.94 support is held.
Target Strategies
Bullish:
• Target 1: $1.07
• Target 2: $1.20 (bullish scenario in case of breakout).
• Extended Target: $1.32 (significant upside zone if the market resumes bullish trend).
Bearish:
• Target 1: $0.92
• Target 2: $0.87 (recent bottom and critical support).
• Extended Target: $0.78 (strong retracement zone in case of intense selling).
Summary
• Bullish Scenario: Reaching resistances of $1.07 and $1.20 with breakout of moving averages.
• Bearish Scenario: Breaking support at $0.94 and falling to $0.92 or below. • Technical Signal: RSI in oversold suggests possibility of reversal in the short term.
Warning: This analysis does not constitute investment advice. Always assess risks before trading.