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ENAUSDT

ENA/USDT - Potential Breakout in Long-Term DowntrendHello traders! Let's take a look at the ENA/USDT price chart. As you can observe, the price has been locked in a long-term downtrend , contained within a descending macro channel . Recent Price Action: Over the past 24 hours, ENA has shown signs of a potential reversal. The price has entered a mini-uptrend channel and is currently approaching the upper boundary (ceiling) of the larger, descending macro channel. This creates the possibility of a breakout from the long-term downtrend. Potential Breakout Scenario: Given the potential increase in altcoin trading volume, I believe there's a strong likelihood that ENA could break through the macro channel's resistance level, located around $1.060 . If this breakout occurs, I anticipate a continued upward movement towards the following targets: First targets: Target 1: $0.9875 Target 2: $1.0500 Then: Target 1: $1.20 Target 2: $1.35 Target 3: $1.52 mportant Note on Price Correction: It's crucial to acknowledge that after a potential breakout above the macro channel's ceiling, a price correction is likely to follow. This is a normal market behavior after a significant upward move and should be anticipated. Disclaimer: This analysis represents my personal perspective and should not be considered financial advice. The cryptocurrency market is inherently volatile, and past performance is not a guarantee of future results. Always conduct your own research and manage your risk accordingly before making any trading decisions. Good luck with your trades!
Long
by Arash-RK
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/USDT on the Edge Major Breakdown Signals Big Moves Ahead!The chart showcases ENA/USDT breaking down from a well-established channel pattern, signaling potential bearish momentum. This breakdown indicates a shift in market sentiment, as bulls have failed to hold the key support levels. The price action now reflects a retest of the broken channel's lower boundary, which is likely to act as a significant resistance area. ENA has exited the channel pattern, with the price moving decisively below the structure. This breakdown is a critical bearish signal, as it invalidates the previous trend's upward momentum. The levels of $0.84 and $0.89 will act as key resistance points. The $0.84 level represents the immediate resistance derived from the channel's lower boundary, while $0.89 aligns with a historical supply zone, where sellers are likely to dominate if the price approaches this level. A failure to reclaim these levels will reinforce the bearish bias, encouraging sellers to push the price lower. If the price fails to reclaim the resistance levels, the bearish breakdown could extend toward $0.73, which is the first significant demand zone, followed by $0.66, a mid-level support identified from previous accumulation zones, and $0.58, the ultimate bearish target if selling pressure accelerates. The breakdown has been accompanied by increased sell-side volume, indicating strong participation by sellers. Any attempts to reclaim the resistance levels must also show increasing volume on the buy side to invalidate the bearish structure. The breakdown below the channel has likely shaken bullish confidence. When the price retests the resistance zone between $0.84 and $0.89, short positions may dominate, targeting the lower support levels. Traders should watch for price action near the $0.84 to $0.89 resistance range. A clear rejection at this zone, coupled with low bullish volume, will confirm the bearish continuation. Conversely, if bulls manage to reclaim and hold above $0.89, it could invalidate the bearish outlook and signal a recovery toward $1.00. ENA/USDT has shown significant bearish signs with the channel breakdown and subsequent retest of resistance levels. The likelihood of further downside remains high unless bulls reclaim the $0.89 level. Traders should exercise caution and focus on price action around the key resistance and support zones for optimal trade entries.
Short
by wolfchemist
ENAUSDT — Double Top Breakdown: Is a Bigger Drop Coming?Yello, Paradisers! Have you spotted the double top pattern on #ENAUSDT? Let’s break it all down clearly. 💎#ENA is showing a double top breakout, which is a strong bearish signal. The price recently broke below the support neckline and is now retesting that same level, which has turned into a resistance zone around $0.85 to $0.91. This area is key. If the price gets rejected here, it’s likely to continue its downward move toward the next support at $0.68. There’s even a chance it could drop lower into a stronger support zone if the selling pressure increases. 💎However, if ENA manages to reclaim this resistance zone, the price could push higher and target the supply zone between $1 and $1.08. In this case, it would grab liquidity before continuing its downward trend. Keep in mind that this move wouldn’t necessarily signal a full reversal — it could just be a temporary bounce. 💎The key level to watch for bearish invalidation is $1.08. If we see a daily close above $1.08, it would suggest that the bearish structure has broken and the price could shift back into a bullish trend. Remember, consistency is what separates successful traders from the rest. Stay focused, Paradisers. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
12
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
ENAUSDT Analysis - What Shall we Expect !!!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
2
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
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| How do I expect to see Ethena in coming weeksBINANCE:ENAUSDT : Here with another speculation about crypto assets. This time Ethena token with ENA ticker. Let’s take a look at the project’s information: Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'. $ ENA Market Cap: $ 3.61 B Market Cap Rank: #46 Market Price: $ 1.23 ATH: $ 1.52 (-19.73%) ATL: $ 0.19 (+523%) Source: Coin Market Cap Besides, Trump's World Liberty project spent 500K CRYPTOCAP:USDC to buy 509,955 $ENA. Not much investment but shows that Ethena is in spotlight. That’s what we need for now from Ethena project. Okay then, let’s see what we have on the chart. - W1: Trend: Price has been in an uptrend for 100 days. Price has broken 3 major resistances in this last week’s uptrend. The first resistance level was $ 0.5 smashed on the 7th. Nov. Price was rejected from another resistance and came back for an S/R test on that $ 0.5. With $ 0.5 proven as support, the price attempted to break another resistance at $0.68. Broken this level too and at its 3rd attempt. $0.77 broken easily and even a major supply of $ 1.05 ~ $ 1.15 was absorbed recently. This is the last known resistance level and will probably be touched again for the S/R test. I’ve marked important levels for a better understanding. MAs: On a daily time frame, we can see the golden cross and the Price move above all key MAs. This is bullish as long as it keeps this setup. RSI: on a daily time frame, RSI doesn’t look so good. Already in an overbought zone and a bearish divergence is on the chart. This means the price will more likely have a pullback or sideway move before any continuation. In the weekly time frame, we have RSI on the edge of the overbought zone but still have room to develop. This means, I expect a small pullback within the current week and then a bullish continuation to the new ATH. Stoch. RSI: Stochastic RSI is in good shape in the daily time frame. Bullish crossover in D1 and value is around 56 which shows strong momentum. Volume: Volume increased in the daily time frame to validate the breakout from resistance levels. Supports: $ 1.00 ~ $ 1.14 broken resistance level $ 0.95 Ma20 in D1 $ 0.67 Ma50 in D1 – Broken resistance level $ 0.48 - $ 0.52 Demand zone- Ma200 in D1 Resistances: $ 1.5 D1 ATH Fibo extension levels Conclusion: All these opinions are mine and can be wrong, so please DYOR. This coin has strong fundamental and technical advantages My strategy goes as below: 🛒 Pair: ENA/ USDT 🛒 👑 Bitcharge 👑 🕰 16/12/2024 🕰 POSITION: 🟢"Buy"🟢 2 % of capital 🛒 Buy: $ 1.05 – $ 1.15 🛒 👉Sell Targets👈 🎯TP1: $ 1.30 🥉 🎯TP2: $ 1.45 🥈 🎯TP3: $ 1.65 🥇 🎯TP4: $ 1.85 🚁 🎯TP5: $ 2.05 ✈️ 🎯TP6: $ 2.30 🚀 🎯TP7: $ 2.50 🛰 🎯TP8: $ 2.80 🛰 🎯TP9: $ 3.20 ✨ 🎯TP10: $ 3.50 ⭐️ ⛔️ SL: $ 0.80 ⛔️ by closing D1 Below
Long
by bitcharger
Ethena (ENA) leads market ahead of USDtb stablecoin launch ENA, the native token of Ethena — an Ethereum-based synthetic dollar protocol — has experienced a 13% surge over the past 24 hours. This rally comes as the market awaits the launch of Ethena’s new stablecoin product USDtb, on December 16. As ENA witnesses a rally in demand, the altcoin is poised to reclaim its all-time high of $1.52, which was last recorded in April. ENA’s positive Chaikin Money Flow (CMF) confirms the high demand for the altcoin. At press time, the indicator’s value is 0.14. However, if ENA traders start selling to lock in profits, it could create downward pressure on the altcoin’s price. A decline to $1.01 may occur, and if this support level fails to hold, the ENA token price could potentially drop further to $0.85.
Long
by paul_endeo
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