Experts Say $ENA Could Hit $1 โ Buy Now or Wait for a Dip? My Take ๐
Thereโs a lot of buzz around Ethena ($ENA) lately, and the big question is: can it break $1 soon?
๐น Some analysts are targeting $1โ$1.20, pointing to strong fee generation in the ecosystem and steady growth in USDe adoption.
๐น Others take a more cautious stance, expecting $0.70โ$1.00 as a realistic range heading into 2025.
Current Market Snapshot:
Price: $0.635
Recent high: $0.85
Key support: $0.60 (aligned with EMA-25).
๐ Hold above $0.60 = bulls in control. Lose it = risk of deeper pullback.
Whale Watch ๐
Big players are very active right now. Arthur Hayes and other large buyers are accumulating, while some whales are shorting aggressively. This mix is fueling volatility and making short-term moves tough to predict.
My Honest View:
โ Spot/long-term investors: Looks solid. ENAโs fundamentals and USDe growth give it strong upside potential.
โ ๏ธ Scalpers/futures traders: Too risky right now. Heavy whale activity = unpredictable swings.
Overall, I see ENA as a hold-and-ride play โ not a quick flip.
