ENA skyrocketed, breaking $0.8, with a target of $1.5 for the future? How should retail investors respond?
Recently, the price of $ENA has soared, directly breaking the $0.8 mark, becoming the focus of attention for many. Today, Sister Rong will talk about why it has increased so sharply, how it might move in the future, and how retail investors should respond.
First, let’s discuss why it has risen. From a technical analysis perspective, ENA was previously stuck at a high of $0.63, then suddenly surged past it, and easily took down $0.8, with the bottom at $0.46 not being broken, indicating that this rally is quite solid; on the fundamental side, the capital behind it has exceeded $3 billion, spending $5 million daily to buy back its own tokens to reduce circulation, and with particularly high staking rewards, a large influx of funds has been attracted; in terms of market sentiment, the U.S. may introduce stablecoin policies, combined with Ethereum’s price rising to $4300, ENA, as the leader of decentralized stablecoins, naturally rises with the tide.
Next, we need to focus on two points. The short-term target is to reach $1, and after breaking through, it may continue to rise to $1.5, but if Bitcoin falls below $120,000, or Ethereum drops back below $3840, ENA might turn around and return to $0.6-$0.65; moreover, whether the capital of the protocol can exceed $4 billion is key, while also being wary of risks like the collapse of stablecoins similar to LUNA.
As for operational advice: those holding ENA can sell a portion at $0.9-$1, keeping some core holdings for long-term opportunities; if the daily closing price falls below $0.75, quickly reduce positions without hesitation. For those who haven’t entered the market, it’s advisable to wait for a pullback to $0.72-$0.75 before buying, avoid chasing highs; in the long term, we need to see if the protocol will engage in new actions like acquiring U.S. bonds, as this could lead to further valuation increases.
The opportunity to bottom out has arrived! This time, a successful all-in can definitely yield substantial profits; recently, it has mainly been shared internally, if you want to catch this big opportunity directly, remember that choice is greater than effort!
