ENA is looking pretty solid right now. Ethena is one of those coins that just shrugs off market corrections. We've seen a 320% jump, which is pretty wild.
As long as it stays above $1, I think the chart is in good shape. It might need some time to chill before aiming for that all-time high (ATH), and it looks like now might be that time.
87.5% of the coins are in the hands of whales, and they're not letting go.
Next big unlock isn't until April 2nd, 2025, with 13.75% of the supply hitting the market.
With whales holding the reins, they're waiting for the perfect moment to cash in, which means they'll need some serious hype and a bunch of FOMO buyers.
It makes sense that this could happen if it breaks that ATH of 1.52. Doesn't mean it'll be a straight shot up there; we might see some dips, but I think the odds are good it'll make it eventually.
As long as it stays above $1, I think the chart is in good shape. It might need some time to chill before aiming for that all-time high (ATH), and it looks like now might be that time.
87.5% of the coins are in the hands of whales, and they're not letting go.
Next big unlock isn't until April 2nd, 2025, with 13.75% of the supply hitting the market.
With whales holding the reins, they're waiting for the perfect moment to cash in, which means they'll need some serious hype and a bunch of FOMO buyers.
It makes sense that this could happen if it breaks that ATH of 1.52. Doesn't mean it'll be a straight shot up there; we might see some dips, but I think the odds are good it'll make it eventually.
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Content in partnership with:
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twitter.com/mooncakexbt
twitter.com/huskyXBT
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.