$ENA Trading Opportunity Alert!
Current Price: ~$0.39 (as of May 14, 2025)
Recent Performance: $ENA up +8% in the past 24 hours with $1B in trading volume, showing strong momentum after a +61% weekly surge.
Why $ENA?
Ethena’s synthetic dollar protocol (USDe) on Ethereum powers DeFi with $4.7B market cap for USDe, backed by major players like Franklin Templeton. Posts on X highlight $ENA’s breakout from a bullish megaphone pattern, with targets at $0.70–$1.35 if $0.41 resistance breaks. Technicals show a neutral RSI (47.8) and bullish MACD on the 1D chart, with price holding above $0.35 support, signaling upside potential. Trading Strategy:
Entry: Buy at $0.38–$0.40 for a strong entry.
Take Profit:
🎯 TP1: $0.44 (+12.8%)
🎯 TP2: $0.50 (+28.2%)
🎯 TP3: $0.70 (+79.5%)
Stop Loss: Set at $0.35 (-10.3%) to manage risk.
Leverage: 10x–20x for high-risk traders; spot trading for safer plays.
Risk Warning: $ENA is volatile, down -74% from its ATH of $1.52. DeFi competition and stablecoin regulatory risks could impact price. Trade cautiously and only risk what you can afford to lose.
Ride the( $ENA)DeFi stablecoin wave and seize the breakout gains! 💪
