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Ethena (ENA) Price Analysis: Despite recording a bullish start, this altcoin has recorded a strong bearish action over the past month by losing approximately 21%. Moreover, the Ethena price has recorded a new ATL of $0.2278 during this bear market correction. Notably, it is presently trading at a discount of 79.13% from its previous ATH. The technical indicator, MACD, displays a minor rise in the green histogram in the 1D time frame. Further, the averages show a bullish convergence, highlighting increased price action for the altcoin in the crypto space. If the market breaks its resistance trendline, the ENA price will head toward its upper resistance level of $0.60 in the coming time. However, in case of a pullback, the Ethena price will retest its crucial support level of $0.225. $ENA
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Ethereum Name Service (ENS) Price Analysis: The ENS price has continued displaying a mixed sentiment by recording a constant pump-and-dump in its valuation. However, in the long-term perspective, it has surged 89.47% this year and has a market cap of $639.79 Million. The Simple Moving Average (SMA) has recorded a positive curve in the 1D time frame, suggesting increased price action in the crypto space. Moreover, the MACD displays a constant decline in the red histogram, suggesting a bullish outlook for the Ethereum Name Service price this week. Maintaining the price above the support level of $20.50 will set the stage for the ENS price to head toward its upper high of $24.60 during the upcoming weeks. Negatively, if the bullish sentiment fades, this could result in it retesting its support of $16.50. $ENS
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#Altcoins๐๐ If altcoin season kicks off, will melt faces! But don't go ape yet, as a weekly close below $0.30 would invalidate the bullish thesis.#Polygon $MATIC
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Celestia (TIA) Price Action: Amid increased price volatility, the Celestia price has added approximately 2% within the past day with a trading volume of $81.432 Million, a change of -15.78%. Furthermore, it has jumped 30.16% over the past week and has secured the 57th position with a market cap of $1.164 Billion. The technical indicator, RSI continues hovering close to its halfway mark in the 1D time frame. Further, its average trendline shows a bullish curve, suggesting a potential positive reversal for the altcoin in the coming time. Suppose, the bulls regain momentum, in that case, the TIA price will retest its resistance level of $7.60. However, if the bears overpowered the bulls, the Celestia coin price will retest its crucial support level of $4.435 this month.$TIA
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Sui (SUI) Price Action: In spite of rising bearish sentiment in the cryptocurrency space, the SUI price has displayed a bullish action by recording a jump of over 20% within the past day. Further, it has surged approximately 120% over the past week and 40.11% during the last 30 days. The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto space. Further, its averages show a bullish rise, suggesting that the SUI price will continue gaining value this week. If the market continues trading under a bullish sentiment, the SUI coin price will prepare to test its upper resistance level of $1.460. Conversely, if a bearish trend reversal occurs, this altcoin will plunge toward its crucial support level of $0.6125. $SUI
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