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Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space. ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors. When to Enter ENA? The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites: Weak Support: $0.90 This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break. Medium Support: $0.79 & $0.68 These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively. Strong Support: $0.60 & $0.50 If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors. Entry Strategy for ENA 1. Placing Entries Near Support Levels Decide your risk tolerance and position accordingly: • For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79. • For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early. 2. Utilizing Scaled Orders on Phemex Phemex’s scaled order feature is an excellent tool for entering positions. For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels. Conclusion The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands. By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution. Trade wisely and leverage these strategies to secure your place in the future of decentralized finance. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Reason to worry on Alts?With Bitcoins huge institutional backing seeing it far surpass $100k and reaching a new high of $108k, it's easy to say that the biggest cryptos future looks bright, but what of altcoins? Looking at the TOTAL3 chart there are a few key points I'd like to highlight, some positive and some negative: 4H 200 EMA - This moving average is so important for the short/mid term bias. In a bear market we very rarely see trading above the 4H 200 EMA and vice versa in a bullmarket. Currently TOTAL3 is retesting the MA as support, with first tap wicking below and then a move back above, this is positive so far showing that buyers are willing to step in at this level. Bullish. Bearish structure forming? - At its core, trading is simple. You buy low and sell high, now we all know there is more to it than that but the basics are still the most important. The trend is your friend, so lets analyse the trend. Clear Higher high and Higher lows ever since the US election result, bullish structure/trend. However, we recently got our first Lower high since then and now the question is will we get a Lower low to flip the structure bearish? So far that is not the case ass the 4H 200 EMA swooped in to save the day but if price were to dip below the Daily support we'd have a trend flip on the 4H. Since that is an IF, lets see what is happening now, a tightening of the highs and lows would equal an accumulation phase and in this instance an accumulation phase after a strong rally is a setup for the next leg which is bullish. Just got to keep an eye on that structure for now. The formation of a downtrend - This ties into the structure point, like how we saw 8 months of "chop" on BTC which in reality was a downtrend after a strong rally, this chart pattern is looking similar to 4H TOTAL3 we see now. If we see a new LL at the downtrend support level I will switch to trading TOTAL3 as a range until proven otherwise.
CRYPTOCAP:TOTAL3
by ProR35
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season. "We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference. Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season. I expect this shift to happen very soon.
CRYPTOCAP:BTC.DShort
by UA_CAPITAL
Are You Scared About Altcoins? Huge Pump Ahead!Hello, Skyrexians! Recently we focused on Bitcoin and Dominance analysis because it's much more important than analyzing any particular altcoin. Growth on altcoins cannot be counted a right prediction without Bitcoin Dominance drop. Today we are going to look in details on the wave 5 of CRYPTOCAP:OTHERS.D which we have already considered in our previous analysis on the higher time frame. Today let's take a look at the daily time frame inside the global wave 5. It has pumped in November and it was just the wave 1, which has been finished with the red dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . This wave 2 has the ABC shape and finally it touched 0.61 Fibonacci. Now it's forming the green dot and if this signal will be confirmed with daily candle close our scenario is likely to be valid. OTHERS.D is going to print the wave C which has the target between 16% and 20%. This is huge potential gains for all altcoins you have. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:OTHERS.DLong
by Skyrexio
3
KASPA - Poised for an Upward Trajectory (TA+TRADE PLAN)Technical Analysis of KASPA (KAS/USDT) Falling Wedge Pattern: The chart indicates a classic falling wedge pattern, a bullish reversal formation. The price is approaching the breakout point where resistance has converged with support, as marked on the chart. The breakout above the resistance line suggests a potential upward trend. Volume Analysis: A spike in trading volume near the breakout area confirms increased interest and possible momentum shift. Momentum Indicators: VWMCipher B Divergences: Displays bullish divergence, supporting a potential price increase. RSI (Relative Strength Index): At ~27, indicating oversold conditions. This signals a potential upward price movement as the asset appears undervalued. Arty Money Flow Index (MFI): At ~24, indicating an oversold condition with possible accumulation. Stochastic Oscillator: Oversold levels at 32.5, crossing upwards, indicating a buy signal. Potential Targets: Short-Term Target: $0.14 (breakout confirmation). Mid-Term Target: $0.18 (previous resistance level). Long-Term Target: $0.22–$0.24 (major resistance zone from earlier trends). Risk Level: Support at ~$0.12. A breakdown below this level invalidates the bullish thesis, making this a critical stop-loss level. Trading Plan Entry Points: Initial Buy Zone: Enter near the breakout point (~$0.128-$0.132) to capitalize on bullish momentum. Confirmation Entry: Add to the position once price closes above $0.14 with strong volume. Stop Loss: Place a stop-loss slightly below $0.12 (e.g., $0.118) to limit downside risk if the breakout fails. Profit-Taking Strategy: First Take-Profit (TP1): At $0.14 (~10% gain) to secure initial profits. Second Take-Profit (TP2): At $0.18 (approximately 40% gain from entry). Final Target (TP3): $0.22-$0.24 for long-term holders seeking maximum gains. Position Sizing: Allocate 2–5% of your portfolio, depending on your risk tolerance. Keep capital reserved for potential averaging down if needed. Trailing Stop: Implement a trailing stop once the price exceeds $0.18 to lock in profits while allowing room for further upward movement. Risk Management: Maintain a Risk-Reward Ratio of at least 1:3. Adjust trade size to manage risk effectively. Monitoring: Regularly check volume trends, RSI levels, and significant market news affecting KASPA. Be cautious of overall cryptocurrency market sentiment, as broader trends often impact altcoins. This falling wedge setup, combined with oversold indicators and volume confirmation, suggests KASPA is primed for a bullish breakout. Stick to the trading plan and employ disciplined risk management to maximize returns while minimizing potential losses.
Long
by elfabiiani
3
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋 If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥 🔥 Market Recap Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overnight, wiping out billions of dollars. 🔑 Key Takeaway: This is why I always stress—never trade leverage without a stop-loss. Protect your capital first. Hope you all followed this golden rule! 📊 Market Outlook: Where Are We Heading? BTC Dominance: Breaking down from a rising wedge on the weekly time frame—a classic bearish signal. Currently retesting the breakdown zone, indicating a potential sharp decline ahead. 🌟 What This Means: If dominance drops further, spot altcoin holdings will likely surge. This is the time to accumulate, not panic-sell. 💎 Opportunities Ahead Many altcoins are retesting key support levels after breaking out on the daily time frame: FET, W, PEPE, LTC, APT, RENDER, and more. Patience is key here. Hold onto your spot bags and use this dip as an opportunity to accumulate strong projects. 🚀 The Road Ahead Over the next few days, we anticipate a strong recovery across the market, with alts pumping hard. Stay calm, stick to your strategy, and ride this wave. 💬 Your Move: What’s your strategy for this phase? Are you accumulating or waiting for more clarity? Drop your thoughts in the comments below—we’re in this together! 🌊🔥 👉 Follow us for more timely updates and winning trade setups. Let’s crush it! 💪
CRYPTOCAP:BTC.DShort
by CoreCrypto1
19
Ethereum Name Service Launches Namechain on Linea’s zkEVMThe Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and expanded functionality for the Web3 ecosystem. Why Namechain and Why Now? NYSE:ENS has long been at the forefront of simplifying blockchain interactions. By converting complex Ethereum addresses into human-readable names like "john.eth," ENS has made the decentralized web more accessible. However, as the protocol has grown to support decentralized identity, user profiles, website hosting, and DNS interoperability, the need for a more scalable infrastructure has become evident. Enter Namechain – a strategic response to these challenges. Built on Linea’s zkEVM, Namechain combines cutting-edge technology with ENS’s robust naming protocol to deliver unparalleled performance. Technical Foundations: Why Linea? The decision to build Namechain on Linea’s zkEVM followed a rigorous evaluation by ENS Labs. Two standout features of Linea made it the ideal choice: 1. Type 2 zkEVM Compatibility: Linea’s zkEVM ensures seamless bytecode compatibility with Ethereum, enabling the reuse of existing smart contracts and tooling without modifications. 2. High-Performance Prover: Linea’s rollup architecture offers fast state confirmation, ensuring reliable and efficient name resolution. Moreover, Linea’s multi-client compatibility with Ethereum execution clients like Geth and Besu enhances ecosystem resilience, ensuring robust infrastructure for ENS’s evolving needs. Proven Collaboration and Ecosystem Benefits ENS and Linea share a strong history of collaboration. Notably, Linea was the first L2 team to implement CCIP-Read (ERC-3668), enabling decentralized cross-chain name resolution for over 530,000 linea.eth subnames. This partnership validated ENS’s L2 integration capabilities and demonstrated Linea’s technical prowess. The move to L2 addresses several key challenges: - Higher Throughput: Increased transaction capacity enables faster registration and renewals. - Cost Efficiency: Significantly lower fees make ENS services accessible to a broader audience. - Extensibility: Advanced naming features and complex resolution logic become feasible on L2. Namechain’s Impact on Decentralized Identity ENS’s role extends beyond address resolution; it underpins decentralized identity across Web3. Namechain amplifies this mission by offering a scalable solution that supports: - Permissionless User Profiles: Enabling decentralized identity systems to flourish. - Decentralized Hosting: Facilitating censorship-resistant websites. - DNS Interoperability: Bridging traditional and blockchain-based naming systems. Market and Technical Outlook for NYSE:ENS Despite the groundbreaking announcement, NYSE:ENS is currently trading at $42.17, down 2.17% in the last 24 hours, with a market cap of $1.48 billion. Technical indicators suggest a potential bullish reversal: - RSI at 48: Indicates steady momentum. - Key Resistance Level: A breakout above the 1-month high of $50 could confirm a bullish reversal pattern. Fundamentally, the launch of Namechain positions ENS as a critical player in the evolution of decentralized identity, aligning with the growing demand for scalable and efficient blockchain solutions. A Vision for the Future The partnership between ENS and Linea represents a significant leap forward in blockchain technology and decentralized identity. By combining ENS’s innovative naming protocol with Linea’s advanced zkEVM architecture, Namechain promises to set new standards in scalability, cost-efficiency, and functionality. ENS Labs invites the broader technical community to participate in this journey through open-source contributions and feedback. Together, they aim to shape the future of decentralized identity and blockchain-based naming systems, paving the way for a more intuitive and accessible internet. About Ethereum Name Service (ENS) ENS is a distributed, open naming system built on Ethereum. It simplifies blockchain interactions by converting machine-readable addresses into human-readable names. With its decentralized and extensible framework, ENS is a cornerstone of the Web3 ecosystem, driving adoption and innovation in blockchain technology.
Long
by DEXWireNews
3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark! Here's an interesting one about altcoins retesting the lower bound of the wedge pattern: BINANCE:PYTHUSDT PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. KUCOIN:GLQUSDT GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. COINEX:AEROUSDT AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. Which altcoins would you like me to cover next? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
Expect Volatility for Altcoins: Key Levels to WatchTOTAL3 (Total Market Cap excluding BTC and ETH) is currently oscillating between $1 Trillion and $1.1 Trillion, presenting a tight range that traders are closely monitoring. Here’s what could happen next: 1. Range Rebound: A dip to $1 Trillion with a strong bullish rejection at this support could drive the market to test the top of the range at $1.1 Trillion. 2. Breakout Opportunity: A successful breakout above $1.1 Trillion would signal bullish momentum, potentially lifting Altcoin Market to $1.2 Trillion and marking the continuation of Altseason. 3. Bearish Scenario: Failing to hold the $1 Trillion support level would likely trigger short-term bearish sentiment, pushing Altcoin Market cap down by approximately 10%, targeting $0.9 Trillion.
CRYPTOCAP:TOTAL3
by Trade-Lean
BTC DECEMBER FOMC Going into FOMC the consensus is we'll see a 25bps cut from the FED (95% chance), this would take interest rates from 4.75% to 4.5%. Because the expectation of a cut is so certain, we can assume that the markets have priced this in so baring any craziness in the form of a different result we should see market sentiment remain the same, bullish. A FED pause,(although unlikely according to data) would be very bearish in the the short term in terms of volatility. I would expect to see price revisit the $98-99K mark where the 4H 200EMA would roughly be. In a bullmarket the 4H 200EMA can be used as a great support level often bouncing off of it. For a 25bps cut which is the expected outcome, we have two paths IMO. The bullish path is consolidation under the ATH then a break above, retest and off we go towards $110,000. The bearish path is a loss of this key S/R level after a consolidation above support and break under with a confirmed retest of new resistance. I know it's typical "could go up, could go down", however it's the context that matters here. Alts have taken a back seat for the last week or so, BTC.D at a key level and a rejection off this level would mean alts can play catch-up while as BTC consolidates. We very rarely see BTC drop and altcoins pump so this is the most likely outcome to me baring no upsets in FOMC.
by ProR35
When is altcoin season?When examining the “ CRYPTOCAP:OTHERS.D ” 12-monthly chart, a clear pattern emerges for altcoin seasons. We observe three years of downward ▼ momentum and consolidation, followed by a year or more of upward ▲ momentum. This pattern could be attributed to market cycles and investor behavior, where extended periods of consolidation are followed by explosive growth. During the consolidation phase, prices stabilize, creating a base for future gains. Once market sentiment shifts, upward momentum takes over, often leading to significant price increases. In previous cycles, we noticed that the altcoin season typically starts after major market cycles. For example, the 2017 altcoin season followed the 2016 cycle, and the 2021 altcoin season followed the 2020 cycle. When zoomed in on the monthly chart, both the 2017 and 2021 altcoin seasons started in January. This consistent timing suggests that the next altcoin season could commence in January 2025. However, there has already been a bullish candle close in November, which could indicate a shift in the pattern. If December also closes bullish, we might see a two-month variance in the current cycle. By examining fractals from past cycles, we can attempt to predict where the current altcoin season might peak. The 2017 fractal indicates a duration of 151 days, with dominance potentially reaching 22% around May or June 2025. In contrast, the 2021 fractal suggests a longer cycle of 365 days, with dominance peaking at approximately 24.5% around December 2025 or January 2026. All charts 📈 indicate that the bottom is in, and all dips are opportunities for buying. Next year's growth looks incredibly promising. 🚀 What do you think? Will the 2024/2025 Altcoin cycle follow the same pattern, or will we see a deviation?
CRYPTOCAP:OTHERS.DLong
by azad.motala
ALTS aiming for an explosive rally.The Crypto Total Market Cap (excluding Bitcoin) has a red 1week candle last week after 5 straight green ones. This is the first consolidation that all Altcoin Cycles had in December-January months of Halving years, following the breakout over the mid Cycle bull flag. This is the time to buy heavily into altcoins. The expected cap for this Cycle is 11 Trillion, which is the 5.0 Fibonacci extension (2.0 Fibs lower than the previous Cycle, which in turn was 2.0 Fibs lower than the one before). Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTOCAP:TOTAL2Long
by TheCryptagon
2