ENA price holds 25% weekly gain as momentum cools

Ethena’s ENA traded near $0.147 on Aug. 27, retaining a weekly gain of about 25% after its sharp breakout met resistance near $0.180. Summary ENA price remains about 25% above its Aug. 21 opening price of $0.11717. Price has corrected about 18% from the Aug. 23 weekly high of $0.18023. The daily Supertrend remains bullish, with dynamic support near $0.1202. Liquidation clusters around $0.150 and $0.161 could shape ENA’s next move. ENA price retreats after reaching $0.180 Ethena (ENA) price was trading near $0.147 at the time of writing, up about 25% from its Aug. 21 opening price of $0.11717. The token reached an intraday high of $0.18023 on Aug. 23 before sellers took control. The move from the weekly opening level to the peak amounted to nearly 54%. ENA has since fallen about 18% from that high, showing that traders took profits after the fast advance. The daily chart shows that buyers attempted another recovery on Aug. 27. ENA reached $0.160 during the session but failed to hold the move, returning to the $0.147 area. Its daily range extended from $0.1424 to $0.160, reflecting continued volatility after the initial breakout. ENA nevertheless remains well above the range that con...