Athena is holding a string above the structural support after a sharp 11.23% Rali, indicating the speed base. The next stop count is $ 0.96, with volume raising and price holding major levels.
Summary
- Eena rapidly confirmed the support of $ 0.47 with strong volume inflax.
- The price is decreasing a higher, maintaining the market structure rapidly.
- $ 0.96 next is the major resistance and reverse target if the speed continues.
Ethena’s (ENA) recent price action confirms strength as it trades firmly over an important technical field near $ 0.47. This level has acted as resistance, but now a textbook has been flipped in fast support. This area also aligns the price area high and VWAP support, which creates a string structural conference for a possible base.
Major technical points
- High deadline support on $ 0.47: The holding value of significant levels, now flipped to support from resistance.
- Strong volume profile: Bullish inflex sugges that the demand active action is the current level.
- Next resistance at $ 0.96: High deadline target if support holding and structure continues upwards.
From a technical point of view, the price $ 0.47 is decreasing a potential higher after regaining and keeping the area. This is not only structurally important as a formist resistance level, but also aligns with many high-product support indicators such as VWAP and the values are height. These overlapping signals add confidence that it can work as a launchpad for further speed in learning.
The volume profile faster adds more weight to the case. Since the start of Rali, there is a visible rising attack in buying volume, a major metric that is a continuous menum before tetan. Unlike previous rallies, which faded without volume support, the current step of ENA is showing the real signal of demand.
Especially important is that this step comes after a clear recovery. The previous price action rejected from the $ 0.47 region, but now it has been retrieved and defined, it strengthens the area as a new setable area. Creating a base at this stage increases the chances of current trend that continues to reverse.
Looking forward, the level of $ 0.96 is the next high deadline resistance, and this remains the main goal. This learning a swing high tasting during a preview Rali, also coincides during a logical point, where traders can see to take profits or where the sellers can return back. To hit this goal, Ana mainly requires its speed and high climbing on a short deadline.
What is expected in the upcoming price action
As long as the Ena supports $ 0.47, the prejudice is acutely valid. With increasing volume and strong structural conference, the price may move towards $ 0.96 resistance for the medium period.
