Ethena (ENA) may experience a rebound as the TD Sequential indicator has signaled a buy on its weekly chart. This indicator suggests that downward momentum for ENA may be weakening, sparking interest from traders and investors. The TD Sequential indicator, developed by Tom DeMark, identifies trend exhaustion and potential reversals by counting price bars and generating buy or sell signals. When a '9' buy setup appears on a downtrend, it often indicates that sellers are losing strength and buyers may regain control. While this buy signal doesn't guarantee immediate upward movement, it suggests that a price bottom may be forming. The prolonged downtrend of ENA may be approaching exhaustion with the presence of this buy signal. Confirmation of the rebound will be sought through ENA's response in the coming days, particularly above the $0.50-$0.55 resistance range. The broader sentiment in the crypto market, improving resilience of Bitcoin and Ethereum, and external factors such as regulatory developments will also influence ENA's price movements. Traders should exercise caution and consider additional technical and fundamental factors before making trading decisions.



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