🖖 ENA/USDT - Over the past month, key players in the crypto community have consistently mentioned ENA, indicating growing interest. Analysis shows that during this period, 32 significant Twitter users discussed the altcoin, with 12 of them starting to pay special attention to the asset just a week ago. Forecast: Technical analysis of #ENA shows that the price has stabilized above key Fibonacci support levels. The Relative Strength Index (RSI), currently at 55, indicates a balanced market condition. Such stability, combined with a steady increase in holders, provides grounds for a potential rally after a prolonged consolidation period. If #Ethena surpasses the psychological resistance zone of $1, it is likely to test $1.12. However, if holder sentiment turns bearish, ENA risks falling back to the key Fibonacci support level at $0.735, nullifying the bullish scenario.
📊 ARB/USDT - According to data from the Santiment analytical platform, the Market Value to Realized Value (MVRV) ratio currently indicates undervaluation of the altcoin. The 30-day MVRV for #Arbitrum is currently at -17%. Historically, price recovery occurred within the MVRV range of -12% to -25%, indicating an optimal opportunity for accumulation. If ARB holders shift towards accumulation, they can maximize gains from a potential rally. Forecast: Arbitrum has broken out of a descending triangle, within which it has been for almost a month. The bearish pattern implied a potential correction, but the altcoin managed to prevent a drop below $1.00, establishing it as a support level. Maintaining this psychological level will allow the price of #ARB to continue the rally and recover recent losses. Under the influence of the aforementioned factors, the asset may reach levels of $1.10 and $1.21. However, if the breakout proves false, Arbitrum will either face consolidation or potential decline below $0.99. This will nullify the bullish thesis and increase investor losses.
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