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Ethena Price Analysis: Insights Based on Technical Evaluation

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by Giorgi Kostiuk

12 hours ago


The price of Ethena (ENA) has drawn traders’ attention again as a familiar pattern appears on the three-day chart. We analyze key levels and expectations.

Current Price Trends of Ethena

Price analysis of Ethena shows that in late 2024, ENA made a significant move after forming a rounded bottom, and this setup may be repeating.

Support and Resistance Analysis

Analyst BATMAN pointed out that the $0.60 level could be a bounce spot, as this level previously served as a launchpad for growth in 2024. The support level is now flipping from resistance.

Market Prospects and Future Movements

Market sentiment remains cautiously bullish. Although a breakout has not yet been confirmed, the ENA chart shows that traders are closely watching for a potential repeat of last year's rally.

Thus, at this stage, there is reason for cautious optimism regarding Ethena's movements. The support level at $0.60 remains critical for further growth.

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