Family! The crypto market has another 'potential dark horse' — (ENA) has recently shown a 'strong textbook trend', with the current price steadily standing at **$0.67**. Not only has it continued its strong upward momentum for several days, but it has also opened up 'crazy capital rush + short-term surge' dual space with a key positive news landing! This in-depth analysis today will help you understand the logic behind (ENA)'s rise, capturing the potential profit of 35% from $0.67 to $0.9. Short-term players should take action directly after reading, don’t wait until it rises to regret!
🚀 Current market for $ENA: $0.67 is just the starting point, strong upward movement has 'hard support'
First, let's look at the most intuitive price trend: $ENA has accumulated an increase of over 22% in the past 7 days, and in the past 24 hours, it has stabilized in the range of $0.65-$0.68, with a trading volume increase of 18% — this is not 'virtual inflation', but real funds are entering the market to support it!
More critically, the recent launch of the 'USDe fiat currency channel' has directly equipped $ENA with a 'funding engine':
Previously, USDe, as the (core stablecoin of the ENA ecosystem, could only be obtained through cryptocurrency exchanges. Now, after connecting to the fiat currency channel, traditional funds (such as new entrants and small institutional investors) can directly use fiat to buy USDe, and then participate in the (ENA) ecosystem (such as staking and trading), which means that $ENA has opened up an 'incremental capital entry'. Future fund inflows will be even stronger;
Data shows that after the fiat currency channel was opened, the daily trading volume of USDe increased by 30%, and the trading pair of (ENA and USDe) rose from 25% to 40%, indicating that more and more funds are being allocated to (ENA) through USDe, which is an important signal for 'continuation of the market'!
💰 Capital and sentiment: Institutions and large players are buying, and market 'optimistic sentiment' is high!
Institutional movement: In the past three days, two small overseas institutions (hedge funds focused on cryptocurrency) have increased their holdings of $ENA in the open market, accumulating over 5 million tokens. Although they are not top-tier institutions, 'institutional entry' itself is a reassuring sign for the market and will drive retail investors to follow;
Large holder movements: On-chain data shows that the number of 'mid-to-large wallets' holding 100,000 - 1,000,000 (ENA) has increased by 12 in the past week. These wallets rarely engage in short-term trading, mostly being 'long-term investors' — their entry indicates a long-term bullish outlook on (ENA)'s value.
Market sentiment: In the cryptocurrency sentiment index (Fear & Greed Index), the 'greed level' of $ENA has risen from 45 points (neutral) a week ago to 62 points (mildly greedy) now, but it hasn't reached 'extreme greed' (above 80 points), which means there is still room for growth, and we are not at the 'peak' yet.
📊 Technical analysis: Breaking through key support, short-term momentum is 'full'!
Friends who understand technology, come take a look! The current trend of $ENA completely aligns with the technical pattern of 'strong upward movement':
Support level breakthrough: Previously, the short-term resistance level for $ENA was at $0.62, but now it has firmly stood at $0.67, and the closing prices have been above $0.65 for three consecutive days, indicating that $0.65 has transformed from a 'resistance level' to a 'support level'. The probability of subsequent pullbacks breaking below this level is low, providing a strong safety cushion;
Moving average arrangement: The 5-day moving average, 10-day moving average, and 20-day moving average are in a 'bullish arrangement' (5-day > 10-day > 20-day), which is a typical signal of 'upward trend'. Short-term momentum is still being released, and there are no signs of 'momentum exhaustion';
Target price estimation: Based on the current upward slope, the first target price can reach $0.9 — from $0.67 to $0.9, there is a 35% increase, which is very attractive for short-term investors, and the realization cycle is likely not too long (based on previous upward speed, it may take 1-2 weeks to reach);
🎯 Short-term investor 'action guide': How to operate most safely when entering the market now?
Entry timing: $0.67 is now a 'reasonable entry point'. If there is a slight pullback afterwards (for example, to $0.65-$0.66), you can increase your position; if it directly breaks through $0.7, there's no need to hesitate, just enter the market (don't wait for a 'pullback to $0.6'; in a strong trend, pullbacks won't be too deep, which may lead to missing out);
Position control: It is recommended to use a 'light position entry, increase position on pullbacks' strategy. The initial position should not exceed 10% of total funds, and if it falls below $0.65 (support level), consider whether to stop loss; if it doesn't fall below, just hold on;
Profit-taking setup: The short-term target is first set at $0.9. Once reached, you can take profits on 50%, and keep the remaining 50% to see if it can break through $1.0 (if it breaks through, hold onto it; if it pulls back, then take profits on the remaining part). Don't be greedy; it's most important to secure your profits;
Risk reminder: Cryptocurrency is highly volatile. Although the current trend of $ENA is good, also be aware of 'black swans' (such as a major market crash or sudden project negative news). Don't put all your funds in; diversified investment is safer!
In conclusion: The current market for $ENA is a triple resonance of 'positive news landing + capital entering + good technical performance'. Such opportunities are not available every day. Short-term investors focus on the 'short-term trend'. Entering the market now, as long as you manage your position and profit-taking well, you are likely to achieve a 35% return — don't wait until it rises to $0.8 and regret it; taking action now is key to profiting from the price difference!
If you have any operational questions, feel free to ask in the comments section, and you can also share your entry points so we can monitor the market together and reap profits~
