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Ethena (ENA) Technical Analysis: Entry at $0.32, Targets Set for 400% Gain

  • Ethena (ENA) is currently down 13.62% at $0.3242, trading volume also decreased.
  • Technical analysts see potential long opportunity with a bullish target up to $1.35.
  • Price forecasts for 2025 show mixed views, with bullish and bearish scenarios.
  • Analyst VipRoseTr suggests entry at $0.32 and $0.31 with a stop-loss at $0.18 and targets set at $0.80 to $1.35.
  • The macroeconomic environment, including falling U.S. inflation, may influence crypto market sentiment.
  • A deep dive into ENA's technical chart reveals Fibonacci retracement levels suggesting resistance and consolidation zones.
  • Key Fibonacci levels include $0.850, $1.049, and $1.359, aiding in defining risk-adjusted entry points.
  • The technical strategy is supported by a stop-loss at $0.18, targeting a return exceeding 400%.
  • Price predictions for 2025 vary, with estimates ranging from $0.72 to above $1.35 based on different sources.
  • DigitalCoinPrice foresees a potential rise to $1.52 for Ethena while CoinCodex is less optimistic.

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