$ENA - dPOC and Imbalances
Recently, there’s been a noticeable increase in VC/KOL backing Ethena (ENA).
ENA has broken out above $0.30 and now price is at key resistance at 0.46
Stay below 0.445 on the hourly chart, and we could see a decline toward the 0.40 to 0.38 range (wVAP). A bounce is likely here, followed by a potential retest of 0.44 (dPOC).
Any rejection we get at 0.44, I'm expecting for the singleprints to be filled at 0.36 to 0.28 zone.
ENA has broken out above $0.30 and now price is at key resistance at 0.46Stay below 0.445 on the hourly chart, and we could see a decline toward the 0.40 to 0.38 range (wVAP). A bounce is likely here, followed by a potential retest of 0.44 (dPOC).
Any rejection we get at 0.44, I'm expecting for the singleprints to be filled at 0.36 to 0.28 zone.
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