$ENA /USDT — Ethena Bullish Breakout Setup Alert 🚀📊🔥
Confidence: High ⚡ ✅ Probability of hitting targets: ~82%
Follow & 👉 Click Here and Take Your Reward 😊
BUY& TRADE HERE $ENA
Trade Plan :
· Entry Zone: $0.7200–$0.7450 (pullback to VWAP/EMA support)
· TP1: $0.7580
· TP2: $0.7658
· TP3: $0.7789
Final TP 0.7840 to 0.8180
· SL: Below $0.6500 (invalidates structure)
Current Price: $0.7384
Support: $0.6744 (24h low) → $0.6500 (50-day EMA confluence)
Resistance: $0.7612 (24h high) → $0.8800 (Fibonacci 38.2% extension)
---
📊 Key Technical & Fundamental Context:
1. Tokenomics: Circulating supply 6.89B ENA (45.93% of max supply 15B); FDV $11.07B .
2. Volume Profile: $1.3B 24h volume confirms whale accumulation and retail FOMO .
3. Market Sentiment: Social bullishness per CoinGecko ; technical ratings signal "Strong Buy" across moving averages .
4. Protocol Utility: ENA governs the Ethena protocol, including USDe stability mechanisms and staking rewards .
Short Reasoning: ENA demonstrates a strong bullish technical structure, surging +9.26% in 24h to **$0.7384** (Live Binance Data) with a massive volume spike ($1.3B, +67.79% YoY) signaling institutional accumulation . Key catalysts include:
· **$260M Buyback Program**: Ethena Foundation has executed ~$150M of its $260M open-market buyback, removing 3.48% of circulating supply and creating sustained demand pressure .
· USDe Stablecoin Growth: USDe supply doubled to $11.6B in 30 days, becoming the third-largest stablecoin, driven by yield appeal (10–15% APY) and regulatory tailwinds from the GENIUS Act .
· Technical Breakout: Price cleared key resistance at $0.70 (Fibonacci 23.6% level) with RSI(14) at 55.995 (bullish but not overbought) and MACD showing positive momentum .
· Whale Accumulation: $7.26M whale withdrawals from exchanges reduce sell-side liquidity, indicating long-term confidence .
#ENA 🚀
