$ENA
Dear Crypto Community, ENA (Ethena) has been trending recently as traders focus on its growing ecosystem and rising market interest. The candlestick structure shows consolidation near a key zone, suggesting accumulation after recent volatility. Several candles with lower wicks indicate dip-buying activity, while upper wicks highlight nearby resistance. If ENA breaks above short-term resistance with strong volume, a momentum-driven continuation could follow. However, failure to hold support may lead to a deeper pullback due to its high-beta nature. ENA remains sensitive to overall market sentiment and Bitcoin’s direction. As a trending altcoin, volatility can expand quickly once price exits consolidation. Traders should wait for confirmed candle closes and apply strict risk management.
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