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ENA

ENA USDTENA/USDT chart using a 4-hour timeframe. The chart highlights significant support and resistance levels and zones. Key resistance areas are marked in green, at $1.1346 - $1.1004, and above, with the highest resistance near $1.3038. The red zone, at $0.8698–$0.8920, represents a critical resistance level that previously served as support. On the downside, the chart features an orange support zone at $0.6701 - $0.6923 and blue support zone at $ 0.4833 - $0.5040. The orange zone indicates a major support area, while the blue zone represents a key long-term support. The current price is $0.7800, trading near on the support level at $0.7576. The price action indicates a bearish sentiment as it breaks below previous support levels. According to our, the price could break the support level at $0.7576 and bounce back from the orange support zone.
Long
by TheCryptoCity
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
by Off-The-Chart-CTC
ENA rebuy setup (1D)This is one of the symbols that Trump had invested in. It now appears that a supercycle has completed, and the price has entered a new wave phase (wave E). The low-risk area for rebuying in spot trading includes the two entries we have highlighted on the chart. Minimum targets are indicated on the chart. If ENA can stabilize above the supply zone, it may become very bullish again. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Bullish Cases for ENA/USDT#Bull_Insights #014 Coin Ticker : #ENA Market : Binance Time Frame : 1 Week. This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis. Key Observations: Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend. Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume. Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend. Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal. Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum. Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal. Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend. 🔼Bullish Cases: Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin. Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs. Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth. Fundamental View on the future of MIL:ENA : ▶️ Sector: DeFi ▶️ MC: $3.73B ▶️ FDV: $18.58B ▶️ Unlocked supply: 20.22% - Ethena is a synthetic dollar protocol built on Ethereum. - It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure. - Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond." Conclusion: The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators. Recommendation: Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Long
by cryptotalk_et
ENA (ENA/USDT) – Technical Analysis UpdateCurrent Consolidation & Support Levels: ENA has consolidated near June's high, showing strong support around $0.9538, reinforced by December 20th's daily candle tail and the 40 EMA. Token unlocks increasing supply are likely to delay a rally until after January 1st, keeping near-term upside muted. Key Downside Targets: If the $0.9538 support fails, watch for: $0.8824 – December 28th's swing low. $0.8465 – Key levels from December 20th and 10th. $0.7600 – November 25th's bullish weekly gap, a likely higher timeframe support zone. Resistance Levels & Upside Scenarios: $0.9961: December 26th's bearish gap. $1.0299: December 21st's rejection point. A break above this zone could trigger profit-taking at: $1.1223: December 23rd's swing high and December 21st's bearish gap. Outlook: ENA is range-bound in the near term, with a bearish bias if token unlocks intensify supply pressure. Bulls need a decisive reclaim of $0.9961–$1.0299 to regain control. Until then, $0.9538 support remains critical, with the risk of testing lower levels. This setup highlights near-term caution but leaves room for a bullish breakout once overhead supply dynamics stabilize.
by Richtv_official
Ethena Price Shows Bullish Momentum After Breaking ResistanceThe cryptocurrency market has its eyes on Ethena (ENA) as the token broke out above the critical $1 resistance level, signaling a bullish trend. We are predicting gains of up to 35%. Breakout Above $1 Signals Bullish Sentiment Ethena’s price has established a bullish trajectory after breaking through the crucial $1 resistance level. This breakout marks the end of a prolonged downtrend, during which the price bottomed out and began forming higher lows. Strong buying pressure accompanied the move, evident from large green candlesticks on the chart. The $1 level, previously a significant resistance, has now transitioned into a robust support zone. We observe that the $0.97-$1.00 range is crucial for maintaining upward momentum. Holding above this level will be essential for MIL:ENA to sustain its bullish outlook. Technical Outlook As of this writing, MIL:ENA is up 5.68%, trading within a bullish horizon. The altcoin’s Relative Strength Index (RSI) sits at 54, indicating there is ample room for further upward movement. MIL:ENA has broken out of a presumed falling trend channel, reinforcing its bullish momentum. The 1-month high of $1.32 serves as the next significant resistance point. If MIL:ENA can breach this level, it could pave the way for even greater gains. However, caution is warranted due to the broader market’s volatility, particularly Bitcoin’s recent price swings. Should CRYPTOCAP:BTC dip to $90,000 or the psychological $85,000 level, it could exert downward pressure on MIL:ENA , potentially causing a retreat to its 1-month low of $0.76. Conclusion Ethena’s breakout above $1 marks a pivotal moment for the token, signaling the potential for significant gains. With strong technical indicators and bullish market sentiment, MIL:ENA appears poised for a rally. However, traders should remain vigilant, considering the broader market’s influence on altcoin performance. As MIL:ENA continues to hold above $1, the coming days could bring substantial price action and opportunities for investors.
Long
by DEXWireNews
ENA SWING LONG IDEAENA has been one of the best-performing altcoins in recent weeks. I strongly support their vision for the DeFi industry. Their backers include major institutions like BlackRock, which gives me additional confidence that this project will outperform many other altcoins in the upcoming altseason. ENA recently hit a key horizontal support level as well as the HTF bullish trendline that has supported the bullish trend since the U.S. Election. While doing so, the price also swept the equal lows and triggered significant stop-loss orders. The strong reaction that followed created a massive 4H demand zone. Currently, we are inside that bullish demand zone and ranging. I’ve received my confirmations, so I’ve entered a trade here. It’s possible we may dip lower and retest the bullish trendline again, but it’s not guaranteed. Targets: $1.50 will be my first target. If you prefer, you can consider taking partial profits at the ATH of $1.32.
Long
by UA_CAPITAL
Nobody appreciates it !!!As you can see, the price is likely forming a cup and handle pattern. If our assumption is correct, we should wait for this pattern to break out to see a price increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
by Off-The-Chart-CTC
TradeCityPro | ENA : Navigating Parabolic Growth👋 Welcome to TradeCityPro! In this analysis, I’m reviewing the ENA token, which belongs to the Ethena project operating within the Ethereum ecosystem. This project has successfully ranked among the top 10 DeFi projects by TVL. 📅 Daily Timeframe: Parabolic Trend and Reaction to Supply Zone This token was recently launched and distributed its airdrop approximately 9 months ago to its users. After the airdrop, the project faced significant selling pressure, with its price reaching new historical lows of $0.2619 and then $0.2020. 👑 As Bitcoin began its bullish movement and broke its important 72k resistance, ENA also gained momentum, with increasing purchase volumes. It managed to fully recover and return to its ATH at $1.45. 📈 In this upward trend, ENA has undergone two re-accumulations, one under the $0.4234 resistance and the second under the $0.6844 resistance. These consolidation phases beneath critical zones help maintain a healthy uptrend without overly sharp corrections. However, the parabolic nature of the trend still suggests a higher risk of sharp retracements. 🔽 Currently, as the price has reached the ATH ceiling—a strong supply zone—the likelihood of corrections has increased. 📉 In case of a downward move: The first support is the curved ascending trendline, acting as a dynamic support. If the trendline is broken, the next support lies at $0.6844, which seems logical during a correction phase. The final critical support is at $0.4234, and breaking it would signify the end of this bullish trend. The market would then require building a new structure for further momentum, either upward or downward. 🧩 From a technical perspective, volume is aligning well with price movements, confirming the upward trend. Meanwhile, the RSI above 50 indicates that corrections are less likely to lead to sharp declines unless the 50 level is breached. 🚀 If the ATH at $1.45 is broken, the next targets would be $2, $2.5, and $3.2, based on 6-month pivot points. Monitoring these levels closely for potential trend reversals is advisable. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, the focus is on specifying futures triggers for both long and short positions. 🔼 The market has managed to recover entirely from its correction and is among the few coins to successfully engulf its entire pullback. 📈 Breaking the $1.2423 resistance could confirm a long setup. However, trading in the $1.2423–$1.45 supply zone will be challenging due to its significant resistance. 📉 It’s recommended to wait until the $0.8550 level is breached for a short position. This would signal a trend reversal, providing a safer entry for shorts. Currently, given the strong resistance, it’s better to avoid opening short positions without a confirmed trigger. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
22
Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space. ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors. When to Enter ENA? The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites: Weak Support: $0.90 This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break. Medium Support: $0.79 & $0.68 These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively. Strong Support: $0.60 & $0.50 If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors. Entry Strategy for ENA 1. Placing Entries Near Support Levels Decide your risk tolerance and position accordingly: • For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79. • For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early. 2. Utilizing Scaled Orders on Phemex Phemex’s scaled order feature is an excellent tool for entering positions. For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels. Conclusion The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands. By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution. Trade wisely and leverage these strategies to secure your place in the future of decentralized finance. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Thoughts on $ENA (Ethena)ENA is looking pretty solid right now. Ethena is one of those coins that just shrugs off market corrections. We've seen a 320% jump, which is pretty wild. As long as it stays above $1, I think the chart is in good shape. It might need some time to chill before aiming for that all-time high (ATH), and it looks like now might be that time. 87.5% of the coins are in the hands of whales, and they're not letting go. Next big unlock isn't until April 2nd, 2025, with 13.75% of the supply hitting the market. With whales holding the reins, they're waiting for the perfect moment to cash in, which means they'll need some serious hype and a bunch of FOMO buyers. It makes sense that this could happen if it breaks that ATH of 1.52. Doesn't mean it'll be a straight shot up there; we might see some dips, but I think the odds are good it'll make it eventually.
by Tealstreet
ENA/USDT Analysis (1-Hour Timeframe)ENA/USDT Analysis (1-Hour Timeframe) We are currently witnessing a breakout of the identified pattern on ENA/USDT in the 1-hour timeframe. This breakout signals potential bullish momentum. Key Observations: Breakout Confirmation: The price has successfully broken through the pattern, indicating a shift in market sentiment. Target Projection: My first target is set at the next green zone, where I anticipate the price might encounter some resistance or consolidation. Potential Scenarios: If momentum sustains, we could see further upward movement beyond the green zone. However, in case of a pullback, monitoring for support around the breakout level will be crucial.
Long
by WaveRiders2
URGENT: ENA Critical Support Zone Could Trigger Massive RallyConsidering that BTC might pull back slightly further to around $86k or $85k. This chart showcases the price action of ENA against Tether (USDT) on a daily timeframe, highlighting crucial levels of support, resistance, and a speculative path for potential price movement. The blue zone, around $0.5040 to $0.4833, represents a significant support area where the price may find buyers if it retraces from its current level near $0.640. The chart also indicates a red projected path suggesting a pullback toward the blue zone before a potential bullish reversal and upward rally. The upper resistance zones, at $0.6809 and $1.0353 to $1.0976, mark critical areas where sellers may attempt to stall the price momentum. A decisive break above these levels could open the doors for a rally toward the previous highs near $1.5230. The current setup suggests that traders are closely monitoring the blue support zone for signs of bullish strength, while the overall sentiment remains cautiously optimistic, contingent upon holding the key support and breaking the resistance zones.
by TheCryptoCity
Is #ENAUSDT Ready to Rally or Fall Further? Key Levels to Watch Yello, Paradisers! Is #ENAUSDT ready to make a massive bullish move and slide down further? Let's discuss #Ethena analysis and see what's happening: 💎#ENA is showing promising signs of a bullish continuation and holding steady at the crucial support zone between $0.254 and $0.300. We've been closely watching its journey within a Descending Broadening Wedge pattern, and now, #Ethena looks poised to test the descending resistance line—a potential turning point. 💎Volume has remained robust, and with #ENA marking its all-time low just one month ago, we may be setting up for a strong rebound. As the saying goes, "Once we hit bottom, the only place to go is up," and this could be unfolding right now. 💎If #ENAUSDT can maintain strength at its current level, we could be on the verge of a significant rally. A breakout above the $0.470 minor resistance zone would open the path to higher targets and potentially even new highs. 💎However, if momentum weakens around this support zone, a pullback toward the lower demand area near $0.204 could be in store. A daily close below this demand zone would invalidate our bullish outlook and could signal more downside risk. Stay vigilant, Paradisers, and closely monitor #ENA's price action. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
6