ETHENA ANALYSIS !!!

The $ENA team screwed their investors over very badly. While 2 billion tokens were going to be unlocked on April 5, they suddenly moved the date of this big unlock to March 5, one month before the previously announced, with an unrelated announcement (mixed with other things) without any prior announcement, and most people learned about it very late. Maybe some of them will hear it from me for the first time, who knows!?

On the technical side, the last peak liquidation was left open and no SFP was formed, and inexperienced traders were hunted here and made them think that it would make a new peak after reversing from the S-R flip zone or the worst green line trend support.

The team, which probably planned to bring the date forward much earlier and made huge amounts of profit by opening a short trade at the top after dumping the tokens at a high cost to the investor until here.

After making a fake bounce at trend support for the last hit, it has rejected from trend line and continued dropping with a disgraceful price action. There are liquidity pools in the areas I marked with a blue semicircle and the peak liquidation is also open.

They didn't even miss the opportunity of yesterday's Trump pump and pushed the price back up to the pinpoint trend resistance and dumped another batch of goods at the local top.

Although the project is a good project and has good activities and partners, this operation against the investor is a great example of immorality.

Anyway, the chart speaks for itself from a technical perspective, but if there will be a reversal, this is the intersection point of three different important regions and this region between 0.27-0.37 is technically suitable for reversal.

Also, if 0.3165 is not broken, we can still say that weekly uptrend continues. Interesting, right?

If this level does not work as support, it can fall deeper to the fresh order block at 0.20, where the movement started.

The critical level that it needs to breach in order for the rise to start is 0.4850 and the level where it can first encounter resistance is 0.6600

2 billion tokens unlock tomorrow, if the price is dropped to these levels to meet this large unlock amount, it can be said that this might be priced in, but there is no way for us to be sure.

I think that when the market recovers, it can rise to good levels from here, I have already shared the bull season target analysis, but as I said, this rip-off by the team will not be forgotten easily and will go down in history as a great example of immorality.