Prices of Ethena (ENA ($ 0.54)) are currently in red zones during a Braider Crypto market reform. Kas for data from coinmarketcap, Defi tokens recorded a significant 2.00% loss in the previous day, with prices currently hover around $ 0.55. Amidst the decline in this price, top market analyst Ali Martinez has identified major support areas that investors should monitor any fourter price retracement.
Ethena CBD shows the major price floor at $ 0.47, $ 0.44 and $ 0.35
For Martinease, the Cost Base Destreburator (CBD) model has revealed three short -term relevant support areas in the ENA market. For reference, the CBD model is an on-chain framiwork that imagines the amount of tokens accumulated at the varoy price levels. It is used for important value areas, ie, potential support or resistance levels, based on their registered versions of accumulation.
In the chart above, it has been observed that the more (warm) color, the more support of the Eena at that level. Depending on this system, it can be estimated that the immediate support level for ENA currently strikes at $ 0.44 and $ 0.47, where important value clusters have been created in the last month. However, if a competitive sales blows the President’s ENA price to this support area, investors should estimate the next price to stop. This prime sector currently has stringst support in the Athena market, as shown by the DePest Red Horizontal Bar on the CBD model, which represents an estimated $ 1 billion EA supply cluster.
No, a price accident for $ 0.35 support area indicates a potentially estimated 37.5% from losses from current prices. Meanwhile, the CBD model also suggests that the next value of ENA sets around $ 0.60, which is the next Immed Immordette Cluster above the spot value.
Ethana Price Outlook
At the time of writing, Eena trades at $ 0.57, showing a drop of 2.08% in the last 24 hours as stated earlier. Meanwhile, the daily trading volume is growing up to 2.05%, which indicates a slight increase in the amount of market engagement and transactions. For coincidence, investor Semi faster faster, closing in green with 67% of the previous month’s business days. Additionally, the fear and greed index sits on 65, which reflects a relatively strong hunger for the risk between investors. However, coincodex analysts placed a cautious market approach with predictions of $ 0.46 and $ 0.45 in the next five and 30 days. Meanwhile, his long -term forecast ENA also trade around $ 0.46 in the next three months.