ENA: what tracked channels are saying

“Buyers only have an edge after a confirmed close above 25.93 cents. Target one around 27.49 cents. Close below around 21.86 cents invalidates.”

“Buyers only have an edge after a confirmed close above 20.91 cents. Target 1 around 21.71 cents. Close below around 20.91 cents invalidates, skip it.”

“The measured move target is around 25.64 cents. Catalyst-wise, I would check ENA on coin market cap, coin gecko, coin glass, token unlock calendars, and official project announcements.”

“Buyers only have an edge after a confirmed close above 20.45 cents. Target one around 21.89 cents. Close below around 16.11 cents invalidates.”

“If you do get a pullback into this red zone here, um in conjunction with a another thrust to the upside, you could potentially, you know, long a breakout of the prior high.”

“And your Ethena thesis. So tell me about the Ethena thesis. You've been very bullish about it. If Bitcoin is going, so you know, obviously Ethena is down something like 99% from its all-time high. Again, you can chalk that up to VC overhang, right? Yes, they had a big pre-sale, people had to sell, period. And if it's no buy, VC overhang, whatever, and also no interest in crypto, therefore no yield, therefore the mechanism of Ethena doesn't work. Yeah, again, and that's why the circulating supply is down something like 75% from like a high of 15 billion to like was four, now whatever it is, right? But this is purely predicated on the basis yield. So if Bitcoin is entering a new, you know, let's crush the shorts phase, like there's a lot of sellers who got their assets handed to them last night, that means that basis is going to rip, right? And so if basis is ripping, then Ethena and USD and staking it makes a lot of sense. Like it doesn't make sense at 4% yield, it makes a lot of sense at eight or nine, right? Given that Fed funds is at three, three and a half, 375. So yeah, there's a structural reason why Bitcoin rising plus the basis going up gives a nice catalyst for Ethena. It's bombed out as you can see. I think they're trying to clean out a lot of their locked tokens by offering people cents on the dollar to get them out to clear up, to clear up the chart. And I think that this thing is a 5x'er in a very short period of time. I must say I definitely agree with you. This is the right token to be buying at the bottom of a bear market because everyone's lost hope. This token works on demand for crypto. More demand for crypto, higher borrowing yields, higher, higher yields in Ethena, the whole flywheel starts to turn again.”