$ENA Trading Signals Now
Action: Buy
TP1 (Take Profit Level 1): $0.68
TP2 (Take Profit Level 2): $0.75
SL (Stop Loss): $0.55
Analysis:
Ethena, ENA has shown strong momentum with a 17.68% daily increase and significant trading volume growth of 66.82% in the past 24 hours. The price has recently bounced from a key support level of $0.509 and is approaching resistance near $0.6193. The upward trend in market cap/TVL ratio and its 212% increase from the all-time low suggest continued bullish potential in the short term.
Given the growing market activity and the favorable price performance over the past month (+61.9%), this is a speculative buy with tight risk management in case of reversal.
Trade at your own risk. DYOR
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