Andrésg2020

$ENA



Hello, Binance Square family! 👋

As of March 8, 2025, Ethena (ENA) is trading at approximately $0.439, showing a slight uptick of 0.24% over the past 24 hours. The intraday movement has seen a high of $0.457 and a low of $0.355.

Technical Analysis: Signs of a Bullish Reversal 📈

Recent price action indicates that ENA is testing a crucial support level, potentially forming a higher low—a classic precursor to an upward trend. This pattern mirrors the consolidation phases observed between mid-October and late November 2024, which subsequently led to significant price surges. The increasing strength of bullish candles as the price approaches the support zone further reinforces this positive outlook.

Market Sentiment: Shifting Towards Optimism 🌈

After a pronounced bearish phase from December 2024 to early March 2025, the tides seem to be turning. Analysts anticipate a robust price advance in the coming weeks, with projections suggesting that ENA could reach up to $1.31 by the end of 2025. This optimism is underpinned by factors such as increased adoption of decentralized finance (DeFi) platforms and Ethena's innovative synthetic dollar protocol, which ensures stability without relying on traditional fiat reserves.

Looking Ahead: Targets and Projections 🎯

If the bullish momentum continues, ENA could surpass its previous highs, with some forecasts suggesting potential peaks of $4.00 by 2025. Investors are advised to monitor key resistance levels and stay updated on market developments to capitalize on potential gains.

Conclusion: Embracing the Bullish Wave 🌊

The current market dynamics present a promising opportunity for ENA investors. With technical indicators signaling a bullish reversal and market sentiment shifting positively, Ethena is on the cusp of a significant breakout. Stay informed, strategize wisely, and let's ride this bullish wave together! 🚀

Disclaimer: Cryptocurrency investments carry inherent risks. This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making investment decisions.

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.

The chart displays the 15 leading projects with positive market sentiment, with data collected by Oriole Insights. It shows the percentage of bullish (optimistic) and bearish (pessimistic) sentiment, as well as percentage changes over the last 7 days.

🚨 Key Highlights 🚨

🔥1. Overall Positive Sentiment:
• All listed projects have over 80% positive sentiment, with emphasis on
🍏. Arbitrum (ARB) at 90%
🍏. Bitcoin (BTC) at 89%.
🍏• ENA (Ethena) ranks third with 87% positive sentiment, and is one of the few assets with weekly appreciation (+4.00%).🚀

Date: Sun, February 16, 2025 | 07:44 AM GMT
The cryptocurrency market was under pressure after the November rally, with major altcoins facing steep corrections. However, the market is showing signs of recovery this week as Bitcoin dominance has dropped by 1.26% over the past seven days, creating room for altcoins to regain strength.
Meanwhile, despite this, Ethena (ENA) is still struggling to find upside momentum as it remains down by 11% in the last seven days while experiencing a significant 57% correction in the last 60 days.

Source: Coinmarketcap
Amid these decline, the asset has reached key support level, forming a potential V-bottom pattern—a historically bullish reversal structure that could signal a strong comeback.
V-Bottom Setup
On the daily chart, $ENA initially saw an impressive rally of over 300% from November to mid-December, surging from $0.32 to a high of $1.33 on December 16. Since then, it has faced a heavy correction, dropping by almost 70%, which took its price to a bottom support zone at $0.4017.

Ethena (ENA) Daily Chart/Coinsprobe (Source: Tradingview)
Meanwhile, ENA appears to be forming a V-bottom pattern, a V-shaped formation that appears when price momentum switches from aggressive selling to aggressive buying.
As of now, ENA is trading at $0.4495, and if this pattern plays out, confirmation could occur if it breaks above the 200 MA resistance. A successful breakout could lead ENA to a rapid recovery, likely targeting the previous $1.33 high, representing a 192% increase from the current price.
The MACD indicator is showing early signs of bullish momentum. The MACD line is attempting a crossover above the signal line, which could indicate a shift towards buying pressure. If confirmed, this could support the V-bottom pattern and further upside movement.
Final Thoughts
With ENA reaching a key support zone and forming a V-bottom reversal pattern, it could be poised for a significant recovery if the 200 MA resistance is broken. However, failure to hold current levels could result in further downside pressure. Traders should watch for volume confirmation and technical signals before making any trading decisions.
As always, investors should remain cautious and conduct their own research before making financial moves.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.