📈 PREMIUM ANALYSIS: $ENA (Ethena) 🚨
◾ Current Market Price: $0.1846
◾ Immediate Support: $0.1800 (Psychological Floor)
◾ Major Resistance: $0.2150 – $0.2300 (Previous Support turned Resistance)
♦️ Stop Loss: $0.1740 (Daily Close)
🎯 Short-term Targets:
👉 Target 1: $0.2050 (Relief Bounce)
👉 Target 2: $0.2280 (Trendline Retest)
👉 Target 3: $0.3400 (Major Recovery Zone)
💡 Technical & Fundamental Insight:
Supply Pressure: $ENA is currently reeling from a massive token unlock event. Approximately $54M worth of ENA entered circulation this week, creating high sell pressure that the market is still absorbing.
TVL Decline: The protocol’s Total Value Locked (TVL) has dropped roughly 55% since late 2025. For the price to sustain a recovery, we need to see stability in USDe outflows and a return of DeFi activity.
Oversold Bounce Potential: The RSI is hovering near 32 (Oversold). While the trend is bearish, a "Technical Bounce" is likely from the $0.1800 zone as short-sellers take profits.
Mixed Sentiment: Despite the price drop, major figures like Arthur Hayes remain long-term bullish, and the recent Upbit listing of USDe provides a fundamental silver lining.
Trading Strategy: Avoid "catching a falling knife" with large positions here. Wait for the price to stabilize above $0.1910 on a 4-hour candle before looking for long entries. If $0.1800 breaks, the next major support isn't until $0.1500.
Next Step: Would you like me to generate a Professional Technical Chart for ENA showing this "Oversold" zone and the potential bounce path?
#ENAUSDT🚨 #ethena #BTCVSGOLD #WriteToEarnUpgrade #BinanceHODLerBREV
