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Will $ENA Turn Bullish Soon?
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Recently, there have been significant developments in the Athena cryptocurrency. Despite some bullish momentum and a breakout, it turned into a fake out this morning. The key level to watch is between $0.87 and $0.90, with the possibility of a bullish breakout if the 4-hour candle closes above $0.86. However, the overall sentiment is bearish, influenced by a dropping total value lock and negative news. Market conditions, particularly Bitcoin's recent selloff, are also impacting Athena's price. To turn bullish, Athena needs to break above $0.90 with momentum, but this seems unlikely given the current situation. The most probable scenario is a drop to around $0.74-$0.70. It's advisable to refrain from trading Athena at the moment, with ongoing monitoring for any necessary updates.
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