Ethena (ENA) & FET Prices Breaking Below the Crucial Support—Will They Both Rebound & Rise to $1 This Week?

The impact of American prices does not seem to have completely faded, because the Bulls do not wish to repel prices in their initial positions. The price of bitcoin continues to negotiate below $ 114,000, despite a minor recovery which aroused the upper -waiting activity. As the Ethereum price is negotiated less than $ 3,500, altcoins seem to be in a state of uncertainty, while some have already been broken down into the crucial support zone.

After failing to ensure significant resistance, the Ethena Prize (ENA) is fighting to defend support, while the price of the artificial superintelligance (FET) alliance broke with the decisive model. Here is what to expect these altcoins in the coming week.

Ethena prices analysis (ENA) for the week

• The ENA price has completed parabolic recovery and is subject to a correction, which points a potential cup and handle motif

• The price has tested local support at $ 0.52 and has rebounded, but it has not yet validated the recovery which could occur once the levels exceed and maintain more than $ 0.61

• The RSI began with a bullish divergence, while the volume has remained incrementally since early July

• Consequently, the Ethena price can increase and reach $ 0.6974 per local resistance if it continues to increase, but it can meet a strong lower action before exceeding $ 0.7

• On the other hand, if the bears continue to reduce the lower prices, it could enter the support zone close to $ 0.45, which could attract significant liquidity and propel prices beyond $ 0.7, which could lead to $ 1

Artificial alliance of superintelligence (FET) Price analysis for the week

• As shown in the above graph, the FET price has broken the decisive symmetrical triangle and heads for local support at $ 0.571

• The Superrend has become lower while the RSI has almost reached the lower threshold, which may seem a downward continuation

• Meanwhile, the RSI tries to bounce back, but we must see if it is another lower level, which could be confirmed during the weekend

• Consequently, the FET price must go through the symmetrical triangle and erase the resistance to $ 0.82 which could place the token at the top of the consolidation

• Consequently, an escape from these levels can help the price to generate the central resistance to $ 1 and a sustained rally can reach the FET price to stay high