$ENA Headline:
$ENA Preparing for a Major Move? 📈
Technical Update:
ENA/USDT has successfully broken out of its local consolidation zone. The SuperTrend has flipped to Green, and we are seeing a strong spike in buying volume. Current order book data shows 61% Bids, indicating strong buyer interest at these levels.
Why I’m Bullish:
1 Trend Reversal: The 15m chart shows a clear shift from bearish to bullish structure.
2 Support Held: The $0.1040 level acted as a "floor," and bulls defended it perfectly.
3 Growth Potential: With Q1 revenue showing double-digit gains, the fundamental health of Ethena supports this price action.
Targets to Watch:
🚀 Target 1: $0.1130
🚀 Target 2: $0.1190
🚀 Target 3: $0.1260
Risk Management:
Stay cautious of the upcoming token unlock on March 2nd. Keep a tight Stop-Loss at $0.1040 to protect your capital.
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