๐ $ENA on Fire โ Retail Runs the Show! ๐ฅ
Ethena just posted a 30.98% weekly gain, jumping from $0.51 โ $0.855 โ its highest level in 7 months. ๐ Over the past month, itโs up 143%, and year-to-date? +152%. At the time of writing, ENA trades at $0.8086 (+9% in 24h).
๐ On-chain signals look strong:
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Positive Price vs. DAA Divergence for 7 straight days โ demand outpacing price.
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Profit-to-loss transaction ratio = 4.16 (75M profitable txs vs 18M loss).
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Retail dominance โ Buy-Sell Delta positive for 3 consecutive days.
๐ Where are the whales?
Spot & Futures data show zero big whale orders in 30 days. Large players are cautious, but retail traders are fueling spot buying pressure.
๐ Tech view:
๐ Price defended $0.60 support and bounced hard.
๐ Parabolic SAR flipped bullish.
๐ Stoch RSI at 85+ โ buyers clearly in control.
๐ฏ Targets: Hold above $0.70 โ $1 is in sight. Lose it โ risk a drop back to $0.55.
Retail momentum is in the driverโs seat โ question is, when will whales join the party? ๐๐ฅ