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Ethenaanalysis

Ethena (ENA) leads market ahead of USDtb stablecoin launch ENA, the native token of Ethena — an Ethereum-based synthetic dollar protocol — has experienced a 13% surge over the past 24 hours. This rally comes as the market awaits the launch of Ethena’s new stablecoin product USDtb, on December 16. As ENA witnesses a rally in demand, the altcoin is poised to reclaim its all-time high of $1.52, which was last recorded in April. ENA’s positive Chaikin Money Flow (CMF) confirms the high demand for the altcoin. At press time, the indicator’s value is 0.14. However, if ENA traders start selling to lock in profits, it could create downward pressure on the altcoin’s price. A decline to $1.01 may occur, and if this support level fails to hold, the ENA token price could potentially drop further to $0.85.
Long
by paul_endeo
🔔Ethena(ENA) Is Ready to Go Down🔔📈Today, I want to analyze the Ethena(ENA) project . Ethena(ENA) started to increase after the news " Ethena Labs' USDe Increases Rewards to Users by 50% ". Now we want to see if Ethena(ENA) continues to increase or not ❗️❓ 📚 What is the Ethena(ENA)❗️❓ 🔸 Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'. ✅ Ethena(ENA) has responded well to the 🟡 Potential Reversal Zone(PRZ) 🟡, and is starting to fall. 💡Also, Regular Divergence(RD-) can be seen between two successive peaks . 🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5) . 💡Let's look at the ENABTC chart for a better final decision . 🔔 ENABTC has reacted well to the 🔴 Resistance zone 🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇 🔔I expect Ethena(ENA) to continue falling to the 🟢 Support zone($1.08-$1.04) 🟢 after breaking the Support lines . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Ethena Analyze ( ENAUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13