Property liquidity is ready to be filled As the market is ready for up move, it is collecting the liquidity for big move
ENAUSDT.P trade ideas
Bullish on Ethena Project...On daily and Weekly timeframe Ethena( XETR:ENA ) making fall wedge and made a breakout, already had 50% pump from bottom, still has room to grow we can see aroun 0.65-0.7$ range and range can be a bit of resistance, also Ethena team getting lot of good project and work based on there top tier skills as they developed product UStb fully backed by BUDL(blackrock) in parnetship with securitize, it will be separate fiat stablecoin product alonside there USDe....
(small explanation)
Blackrock is the world’s largest asset manager. Their on-chain product is BUIDL which is a stablecoin available to whitelisted addresses, with an interest rate similar to US treasury bills.
USDe/sUSDe being backed by BTC/(st)ETH/SOL and crypto shorts is great during bull markets, when everyone wants to (leverage) long crypto and will pay shorts for the privilege, but not so great during a bear market when shorts may have to pay longs. So Ethena is building a new stablecoin for everyone (not just whitelisted addresses) called UStb backed by BUIDL, and when the crypto shorts don’t make money Ethena can switch USDe’s backing to UStb. So sUSDe will have a TradFi interest rate during crypto bear markets and a CeFi interest rate during crypto bull markets, and we will all be able to play with it in DeFi thanks to the many protocols that support it.
Is ENA Price Ready To Surge Above The Mark Of $1?Ethena has a median APY of 12.2% with a negative USD inflows to the platform.Meanwhile, the number of developers and developers commit is also very low for this platform. The total staked portion of the ENA has also been taking a hit and has reached to 13% as per the data provided by Dune analytics.
ENA/USDT Ready to Upward move toward $2.5 ( 200% )ENA/USDT Chart Analysis Update
XETR:ENA has just made a significant move, breaking through the resistance line of a bullish flag pattern. This breakout is a crucial indicator of potential upward momentum in the near future.
Breakout Point: $0.89 ✅
We're now watching closely for a retest of the breakout level to confirm the strength of this move. If the retest is successful, we anticipate further bullish activity.
Target: $2.50
This target is set based on the dimensions of the bull flag pattern, projecting substantial growth.
Stop Loss: $0.78
To manage risk effectively, a stop loss has been set just below the recent support level.
