AI Analysis: $ENA/USDT

Entry price: around 0.28
Target Price:

- TP1: 0.60
- TP2: 0.95
- TP3: 1.30+
Stop-loss price: below 0.19

Reason for purchase:

1. Pattern Confirmation:
- The weekly level has formed a "double bottom" reversal structure (neckline at 0.60), with a bottom depth of 0.41 (0.19-0.60)
- Measure of increase = Bottom depth × 1.618 = 0.663 → Target price 3 = 0.19 + 0.663 = 0.853 (actual rounding to integer 1.30+)
2. Trend Structure:
- The monthly level breaks through the descending trend line from 2021 to 2024 (connecting 1.30 to 0.95), with the price standing above MA(50) 0.25
- RSI(14)=58 (neutral to bullish), the MACD red bars expanding indicate increased buying power.
3. Breakthrough Potential:
- After breaking above 0.60, open up 1.30+ upward space
- If an effective breakout occurs, it may trigger the liquidation of 3.0x leveraged contracts.
4. Indicator Verification:
- The OBV indicator hit a new high for 2024, indicating capital inflow.
- Funding rate +0.225% (positive for 10 consecutive days), futures open interest exceeds 250 million USD
- On-chain data: Exchange net flow - 82 million coins, whale holdings increased by 42%

Key observation:

1. Historical support: The 0.19–0.22 area has been a significant bottom four times since its listing in 2021.
2. Fibonacci Structure: The current price of 0.28 is at the Fibonacci 38.2% retracement level of the upward segment from 0.19 to 0.60.
3. Volatility Expansion: The Bollinger Band width expanded to 58% (highest in the last 30 days), with the breakout direction potentially bringing over 300% single-day volatility.
4. Position Structure: The top 100 whales hold 68% of the total amount, indicating a high concentration of chips.

This content is for reference only and should not be considered as investment advice.