ENA: local squeeze with $0.095 destinationENA / TetherUS PERPETUAL CONTRACTBINANCE:ENAUSDT.P3CommasThe Macro Picture 🗺️ ENA unwound the May $0.138 highs through a steady descending structure, and the selling finally exhausted at $0.068 in early July. Since that low, the character has shifted from trend to range — price is now oscillating in a $0.068–0.095 band, a volatility playground where the extremes get faded back toward the mean. Price sits right at the equilibrium line near $0.079 with RSI holding flat around 48. With the floor established and momentum balanced, this is the coiled middle of the range, and the path of least resistance leans back toward the upper boundary. The Setup ⚙️ The Buy Area: The $0.072–0.079 band has absorbed the recent dips. Bulls are defending the equilibrium, and as marked on the chart, price is holding above the $0.072 local support with momentum steady. The Ceiling: The $0.095 decision line caps the range. A clean reclaim flips the local structure bullish and opens the path toward the $0.10 macro resistance above. The Range Play: The zone between $0.072 and $0.095 creates a structural playground for grid-based accumulation — staggered entries across the range capture the chop while the market decides its next macro leg. The Roadmap: Primary target sits at $0.095 — the green roadmap points there as price works up from the equilibrium toward the range top. Invalidation: a clean daily close below $0.068 would invalidate this bullish thesis and signal a structural breakdown out of the range. More setups in profile. #ENA #CRYPTO #Ethena #DeFi #TechnicalAnalysis