The cryptocurrency market remains a rollercoaster, and $ENA is no exception. Currently trading at $0.8989, ENA has taken a sharp -6.48% dip, with its perpetual pair ENAUSDT mirroring the decline at $0.8983 (-6.51%). But what’s next for this altcoin?
Analysts suggest a potential visit to the Weekly Fair Value Gap (FVG) and Fibonacci Zone around $0.750. This level, often seen as a liquidity magnet, could provide the springboard for a rebound. A bounce from this critical support zone might propel ENA toward achieving a new all-time high (ATH).
For traders and investors, this presents a compelling setup. However, crypto markets are unpredictable. While opportunities for significant gains exist, risks are just as prevalent. Monitoring the charts and staying updated with market developments is essential.
Pro Tip: Always Do Your Own Research (DYOR) before making investment decisions. The crypto space evolves rapidly, and informed choices can make all the difference.
Keep your eyes on ENA—this could be the calm before a meteoric rise!
