$ENA For **ENA (ethena)**, based on current market conditions, here’s my analysis:
**Market Sentiment:**
- **Bullish**: Given the positive momentum, ENA has been showing signs of stability and some potential for upward movement, especially with a supportive market trend.
**Key Levels:**
- **Support Level**: $1.02
- **Resistance Level**: $1.12
- **Buy Price**: Around $1.05–$1.06 (depending on entry timing)
- **Target Price**: $1.12 (approaching resistance level)
- **Correct Price**: $1.0659 (as mentioned by you, this seems to be near a mid-range price point for stability)
**Analysis:**
- The market is leaning bullish as ENA continues to show moderate upward potential, especially if it manages to break past the $1.12 resistance level. Short-term investors may look to enter near the $1.05–$1.06 range to aim for the target price around $1.12. If the price drops below $1.02, it could indicate a bearish correction.
Stay updated for any major shifts in market conditions that may alter the analysis.$ENA