Fchrz

Why Is $ENA pumping today? Here’s what’s really happening:

The May 5 unlock of 171M $ENA (~$53M) didn’t crash the price. Market absorbed it like a champ. That’s a strong sign of real demand and confidence.

Shorts piled in expecting a post-unlock dip, but price held steady. As it started climbing, those shorts began closing — creating a short squeeze.

Ethena’s stablecoin, USDe, is gaining traction. It’s quickly rising in TVL and adoption, becoming a top synthetic dollar play. The “real yield” narrative is back in focus.

Technically, ENA is trading in the $0.32 – $0.38 range — forming a solid base. It’s testing the top of that range now. If it breaks and holds above 0.40, momentum could accelerate fast.

Market sentiment is flipping from bearish to bullish. Those who faded the unlock are now chasing back in.

Support zone: 0.32 – 0.38
Major resistance: 0.40
Breakout targets: 0.45 – 0.52
Invalidation: below 0.315 with strong sell volume

Looks like accumulation might be done. A confirmed breakout above 0.40 could trigger the next leg up.

#ENA
#BinancePizza

#TRUMP Coin Idea

There’s been growing hype that Trump related tokens might pump again, similar to how Elon Musk influences meme coins. With Trump already elected and political headlines heating up, this could become a strong narrative play as we get closer to the election.

For #TRUMP coin, price appears to be accumulating in the $10 – $12.5 range. If momentum returns, a breakout toward $15.5+ is possible. I'm not in yet, but if I get a good setup, I’ll consider sparing a portion of my assets to accumulate in that zone.

This is a meme + politics combo play, so it’s highly speculative. Better to avoid high leverage on setups like this, spot trading is safer for narrative driven coins.

Not financial advice, just tracking the hype and key levels.

Ethena Analysis

$ENA has been moving in a range between $0.32 and $0.38, which looks like a potential accumulation or support zone. Price has bounced multiple times within this area, suggesting that buyers might be stepping in.

This kind of sideways movement with repeated rejections to the downside often signals that smart money could be quietly accumulating before a possible breakout. If ENA can hold above this range and break through $0.38 with strong volume, it may confirm bullish momentum.

However, a clear break below $0.32 would invalidate this idea and could signal further downside. Keeping an eye on how price reacts near the edges of this zone is key.

$ENA