Ethena (ENA) is quietly sitting in a strong technical and narrative accumulation zone. If the GENIUS Act passes and DeFi momentum returns, ENA could realistically revisit the $1.00–$1.50 zone (3.5x–5.5x). Given its core use case (synthetic yield stablecoin), this is one of the cleaner asymmetric bets in the current DeFi cycle.
LONG....
Next level of Support around $0.119
LONG....
Next level of Support around $0.119
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.