𝙏𝙊𝙋 10 𝘿𝙀𝙓'𝙎 𝘽𝙔 𝙑𝙊𝙇𝙐𝙈𝙀 𝙄𝙉 𝙇𝘼𝙎𝙏 30 | Crypto_kong on Binance Square

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𝙏𝙊𝙋 10 𝘿𝙀𝙓'𝙎  𝘽𝙔  𝙑𝙊𝙇𝙐𝙈𝙀  𝙄𝙉  𝙇𝘼𝙎𝙏  30 𝘿𝘼𝙔𝙎. 👀🦾🦾🦾🦾

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𝙏𝙊𝙋 7 𝙏𝙊𝙆𝙀𝙉 𝙐𝙉𝙇𝙊𝘾𝙆𝙎 𝙊𝙁 𝙐𝙋𝘾𝙊𝙈𝙄𝙉𝙂 𝙒𝙀𝙀𝙆. 👀❤❤❤❤😍😍😍😍

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#ETHENA Trade ENA now . . bullish trend 🦾🦾🦾❤❤❤❤$ENA 𝙀𝙩𝙝𝙚𝙣𝙖 𝙋𝙧𝙞𝙘𝙚 𝙎𝙝𝙤𝙤𝙩𝙨 14% 𝘼𝙝𝙚𝙖𝙙 𝙤𝙛 𝙈𝙖𝙨𝙨𝙞𝙫𝙚 $100𝙈 𝙏𝙤𝙠𝙚𝙣 𝙐𝙣𝙡𝙤𝙘𝙠, 𝙎𝙚𝙡𝙡-𝙊𝙛𝙛 𝘼𝙝𝙚𝙖𝙙? ENA, the native cryptocurrency of Ethereum-based synthetic dollar protocol Ethena, has surged by 15% in the last 24 hours, as its USDe stablecoin becomes the third-largest in the category after Tether’s USDT, and Circle’s USDC. On-chain data shows a massive 75% surge in USDe supply on Ethereum, over the past month, showing strong demand in the decentralized finance (DeFi) space. Ethena price is once again trading above $0.61 following today’s upside. Ethena’s USDe stablecoin has seen a sharp rise in adoption, with supply growing 75% over the past month to reach $9.3 billion, according to data from DeFiLlama. The increase has pushed USDe past FDUSD to become the third-largest stablecoin by market capitalization, trailing only Tether (USDT) and USD Coin (USDC). Over the past month, the USDe market cap has soared by a staggering 75%. Furthermore, the synthetic dollar protocol announced working on a USD-compliant stablecoin following the passing of the GENIUS Act last month. Furthermore, the Ethena DeFi protocol is seeing a major boost, climbing to the sixth spot with total value locked (TVL) now crossing $9.47 billion. The protocol’s rapid growth is being driven by high yields and recent integrations, attracting a mix of risk-seeking DeFi users and more conservative stakers. Today’s Ethena price rally, despite $101.87 million in ENA token unlocks this week. Thus, investors should prepare for volatility moving ahead. As per the data from CryptoRank, Ethena has the biggest token unlocks this week, which might introduce some selling pressure.

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𝙏𝙊𝙋 10 𝙋𝙍𝙊𝙏𝙊𝘾𝙊𝙇 𝘽𝙔 ⛓️𝘾𝙃𝘼𝙄𝙉𝙎 👀👀👀🦾🦾🦾

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#SHIB Trade Shiba now . . bullish sentiments returning ❤❤❤❤$SHIB 𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣- 𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙍𝙚𝙘𝙤𝙫𝙚𝙧𝙮 𝙖𝙨 𝙒𝙝𝙖𝙡𝙚𝙨 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 400𝘽 𝙎𝙃𝙄𝘽 𝘿𝙚𝙨𝙥𝙞𝙩𝙚 𝘾𝙧𝙖𝙨𝙝𝙞𝙣𝙜 𝙋𝙧𝙞𝙘𝙚 Shiba Inu price has crashed today, August 2, with a 1.79% drop to trade at $0.000012. Despite this fall, an analyst says that recovery is not far away. He notes that it might get to $0.0000239. Considering that 1 trillion SHIB tokens are no longer on exchanges, his forecast might play out. Shiba Inu price might be crashing, but bulls are not giving up. Analyst Joe Swanson is among these bullish traders. In a recent X post, he points out two patterns that suggest gains might happen soon. The first is a cup and handle. He draws out how this pattern has come to be from the May highs, to June lows, and the most recent July highs. However, it was after reaching $0.00001597 that the SHIB price started to drop again. Swanson is not worried about this correction. In his analysis, he says it just confirms that Shiba Inu might make another leg up. He adds that the correction is the handle of this bullish pattern. Oftentimes, the cup and handle pattern shows the price is taking time to cool off before it starts the next stage of an uptrend. In that case, getting to resistance at $0.00001710 is possible. After this, SHIB price will push further by another 36% to get to $0.0000239. To sum up, the ongoing drop in SHIB price has not watered down bullish forecasts. Instead, one analyst says it might be the price getting a breather before its next rally. Whales and a spike in SHIB burns are also adding weight to the possibility of recovery happening.

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#Solana Trade Sol now . . . bearish sentiments confirmed ❤❤❤❤❤$SOL 𝙎𝙤𝙡𝙖𝙣𝙖 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣- 𝙒𝙝𝙖𝙡𝙚 𝘿𝙪𝙢𝙥𝙨 $17𝙈 𝙎𝙊𝙇 𝘼𝙛𝙩𝙚𝙧 𝙍𝙚𝙘𝙤𝙧𝙙 $57𝙈 𝙇𝙤𝙣𝙜 𝙎𝙦𝙪𝙚𝙚𝙯𝙚 𝘼𝙨 𝘾𝙧𝙖𝙨𝙝 𝙩𝙤 $120 𝙇𝙤𝙤𝙠𝙨 𝙄𝙢𝙢𝙞𝙣𝙚𝙣𝙩 Solana price trades at $163 today, August 2, with a 2.86% drop in 24 hours. Whales are now selling, fuelling the possibility of further dips. With longs taking the brunt, a fall to $120 is a real possibility, especially now that a bearish structure is emerging. Solana has been dropping for the last seven days. This crash has brought its seven-day drop to 12%. Bears have been dumping their tokens without much of a rush. Because of this, the drop has been gradual and created a rounding top. When there is a sudden spike in selling, one would expect Solana price to rebound quickly. That is because there will be uncollected liquidity that traders will begin to hunt. But now, there is no chance of this happening. The fall has not left any gap that bulls might exploit. Lastly, whales are adding to the selling pressure. Lookonchain notes the activity of one whale that has moved 108,016 SOL, worth $17.7 million, to two exchanges: OKX and Binance. When whales are panicking, it is a bad sign for the SOL price. From the peak of $206 to support at $159 is a 22% fall. This drop will be replicated again when the SOL price falls under $159. It is only a 2.45% decline from today’s price. Considering that weekend swings are often unkind to bulls, losing this support might happen this weekend. In this case, it is possible for the Solana price to reach $120. Most likely, August might not end without SOL touching this price. This will likely be the case if bears tighten their grip on the market like they are doing now.

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