Is ENA about to explode? ICT analysis reveals a potential bounce zone at 0.7548. If this level holds, we could see a massive move to the upside! Don't miss this potential opportunity!
Disclaimer: Not financial advice. Trade at your own risk.

ICT Analysis:

Key Levels: The chart highlights two key horizontal levels: 0.7548 and 0.6097. These are likely significant support or resistance levels based on past price action.Recent Price Action: The price has experienced a strong bullish move followed by a retracement. It is currently hovering around the 0.7548 level.Potential Scenarios: The arrows suggest two possible scenarios:
Scenario 1 (Bullish Retest): Price could hold the 0.7548 level as support and then continue its upward trajectory.Scenario 2 (Further Downside): If the 0.7548 level fails to hold, price could drop further to the 0.6097 level.
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Date: Mon, Jan 13, 2025, 01:22 PM GMT
In the cryptocurrency market today, the ongoing correction that began last month has intensified further, with Bitcoin (BTC) dropping by over 3% to trade at $91,000. This decline has been accompanied by a sharp rise in BTC dominance, which now stands at 58.39%, adding significant bearish pressure on altcoins.
Among the impacted tokens, Ethena (ENA) has experienced a sharp 12% drop in the past 24 hours and a 34% weekly decline, erasing significant gains made after bullish news of Donald Trump's World Liberty Financial buying of ENA.

Source: Coinmarketcap
ENA Clings to Key Support
Ethena (ENA) has been in a sustained downtrend since facing rejection at $1.30 on January 5th. This correction has dragged $ENA from its recent high of $1.30 to today’s low of $0.78, following a failure to hold its key support level of $0.85.

Ethena (ENA) 1D Chart / Coinsprobe (Source: Tradingview)
Currently trading at $0.78, ENA is clinging to a crucial support zone between $0.72 and $0.79, highlighted in the accompanying chart. If the current support holds, it could pave the way for a recovery rally. However, any breach below $0.72 may trigger a further downside.
Key Pattern Hints Rebound
The latest technical analysis, emphasized by @AMCryptoAlex, points to a potential inverse head and shoulders pattern forming on ENA's 1-day chart. This pattern is considered a bullish reversal structure, and if confirmed, it could lead to a strong rebound.

Ethena (ENA) 1D Chart/ Source: @AMCryptoAlex (X)
The neckline for this pattern is estimated around the $1.30–$1.40 level, and a breakout above this could target levels as high as $2.0.
BTC Dominance and Its Impact
BTC dominance has climbed to 58.39%, nearing its resistance within a falling wedge structure. Previously, this resistance has triggered rejections, which provided relief for altcoins. If BTC dominance faces another rejection at this level, altcoins like ENA could see renewed buying interest.

BTC Dominance 1D Chart / Coinsprobe (Source: Tradingview)
However, BTC's ability to hold above the critical $91K–$94K support range remains pivotal. A breakdown in BTC prices could lead to increased sell-offs across the broader altcoin market, including ENA.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before investing in cryptocurrencies.
#Ethena #ENA

ENA coin, a relatively under-the-radar cryptocurrency, is quietly making waves, and savvy investors are beginning to take notice. But what’s causing this buzz, and why should you care? Let’s dive in and uncover why ENA might just be your next big investment win.
$ENA
The Suspenseful Surge in ENA
Recently, ENA has shown a promising uptrend, capturing the attention of market analysts. The price, which once seemed stagnant, has started to climb steadily. Support levels have been tested and held strong, indicating a robust foundation for future growth. Resistance levels, which previously capped the price, are now being breached, signaling the potential for even higher highs.
What makes ENA even more intriguing is the convergence of several technical indicators pointing towards a bullish breakout. The RSI (Relative Strength Index) is hovering near the oversold region, suggesting that the coin is currently undervalued and poised for a rebound. Meanwhile, the MACD (Moving Average Convergence Divergence) is on the verge of a positive crossover, a classic sign of upcoming upward momentum.
A Golden Opportunity
Imagine doubling or even tripling your investment within a few months. ENA presents that kind of opportunity. But why now? The current market conditions are setting the stage for a significant price surge. The broader crypto market is stabilizing after a period of volatility, creating a fertile ground for promising coins like ENA to flourish.
Moreover, recent developments in ENA’s underlying technology and partnerships are laying a solid groundwork for its future. With increased utility and adoption, the demand for ENA is likely to spike, driving its price higher. The low entry point currently offers an attractive risk-reward ratio, making it an ideal time to invest before the masses catch on.
Why ENA Stands Out
Unlike many other cryptocurrencies, ENA is not just riding the crypto hype wave. It has a unique use case and a strong team driving its development. The project’s roadmap includes innovative features that could disrupt traditional industries, further enhancing its value proposition.
Investing in ENA now means getting in before these innovations are fully realized and priced into the market. It’s an opportunity to be part of a game-changing movement from the ground up, reaping the rewards as the project gains traction and recognition.
A Call to Action
Don’t let this opportunity slip away. ENA’s chart is screaming potential, and the time to act is now. History favors those who seize the moment, and ENA could be the key to unlocking substantial financial gains. By investing in ENA today, you position yourself ahead of the curve, ready to benefit from the coin’s inevitable rise.