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.