Ethena Faces Potential Pullback, TD Signal Hints $0.35

Ethena’s (ENA) recent surge has sparked debate about potential price weakness. A key technical indicator, the TD Sequential, suggests a possible rejection near the $0.47 level after its strong rally. This signal, often seen near local highs, is currently visible around this resistance level. 4-hour chart analysis reveals momentum has slowed down, with candles showing decreasing size and fading energy just below this resistance mark. This mirrors past behavior on October 13th, where a similar signal preceded a pullback.