📊$ENA Price & Trends
- Current Value: $0.79–$0.80, up 14–18% in 24 hours and 30–31% over the last week.
Market Valuation: ~$5.26B, ranking #36
worldwide.
🔧 Technical Indicators
- Golden Cross: 50-day EMA surpassed 200-day EMA, indicating robust upward momentum (historically led to +80% surges).
Key Thresholds:
Resistance: $0.80–$0.85 (breakout may aim for $1.00).
Support: $0.58–$0.60 (vital to maintain for continued uptrend).
- Metrics:
- RSI at 74–76 (nearing overbought but not critical).
- Bullish MACD and OBV divergence point to strong buying interest.
🐳 Drivers & Market Mood
Whale Movements: Major investors boosted holdings by over 30% this week.
- USDe Expansion: Ethena’s stablecoin (USDe) supply soared to $9.3B, now the 3rd-largest stablecoin, enhancing platform utility.
Partnership: Alliance with Anchorage Digital for a compliant USD stablecoin, increasing regulatory credibility.
🚀 Short-Term Forecast
Potential Gains: Clearing $0.85 could propel prices toward $1.00 (43% upside). Analysts highlight $1.13–$1.50 as next targets if momentum persists.
Risks: Elevated RSI may lead to brief corrections; watch $0.60 support. Token unlocks could introduce selling pressure.
💡 Key Takeaway
Upward momentum fueled by technical signals, whale buying, and USDe growth, but overbought signals suggest prudence. A close above $0.85 paves the way to $1.00+.
