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Let’s analyze Ethena’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Ethena’s USDe hit $10B market cap in 500 days, helped by U.S. rules limiting yield on other stablecoins. Institutional demand for its DeFi-based returns could lift ENA’s role and value. 💹
📊Technical analysis:
ENAUSDT is showing exceptional strength with strong volume, solid Fibonacci support, and a key daily trendline 📈. These technical factors suggest a potential 20% upside targeting $0.99 🚀.
✨We put love into every post!
Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale
Let’s analyze Ethena’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Ethena’s USDe hit $10B market cap in 500 days, helped by U.S. rules limiting yield on other stablecoins. Institutional demand for its DeFi-based returns could lift ENA’s role and value. 💹
📊Technical analysis:
ENAUSDT is showing exceptional strength with strong volume, solid Fibonacci support, and a key daily trendline 📈. These technical factors suggest a potential 20% upside targeting $0.99 🚀.✨We put love into every post!
Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale
Educational plans & Free signals, all in telegram:👉t.me/madwhalechannel
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Related publications
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.
Educational plans & Free signals, all in telegram:👉t.me/madwhalechannel
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Related publications
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.