Time to focus on $ENA 🔥🔥🧠 Ethena (ENA) Soars Amid Strategic Partnerships and Bullish Momentum! 🚀🚀
📰 Recent Highlights:
🤝 Partnership with TON Foundation: Ethena Labs has partnered with the TON Foundation to launch USDe and sUSDe within Telegram wallets, enabling over a billion users to access self-custodial dollar savings directly through the app. This integration broadens access to DeFi tools in mainstream environments.
📱 App Updates: Ethena has announced new updates to its app, allowing users to onboard fiat directly, swap any stablecoin to USDe, and bridge USDe to 22 supported chains, enhancing user experience and accessibility.
🔓 Token Unlocks: On May 2nd, Ethena unlocked 40.63 million ENA tokens, constituting approximately 0.73% of the circulating supply, as part of its scheduled token release plan.
📊 Technical Analysis:
🟢 MACD: Bullish crossover observed, indicating upward momentum.
⚠️ RSI: Currently at 75.85, suggesting the token is approaching overbought territory.
🧱 Support Level: $0.3419
🚧 Resistance Level: $0.4768
🔮 Price Outlook:
🎯 Short-Term Target: $0.48
🚀 Mid-Term Projection: $0.55
🌕 Long-Term Vision: $0.70+
🧠 Analyst Insight:
Ethena's recent strategic partnerships and app enhancements are fueling investor confidence. The bullish technical indicators, combined with active ecosystem growth, suggest a positive trajectory for $ENA. However, investors should remain cautious of potential resistance levels and market volatility.
👇 Are you bullish on $ENA 's trajectory?
