Get started

ENAUSDT

Phemex Analysis #91: Pro Tips for Trading Ethena (ENA)Launched in 2024, Ethena ( PHEMEX:ENAUSDT.P ) has swiftly risen as a powerful innovator in decentralized finance (DeFi). Its flagship synthetic dollar stablecoin, USDe, has achieved remarkable growth—ballooning from a mere $100 million supply at the beginning of 2024 to an impressive $5.8 billion, securing the third position among stablecoins by market capitalization. Concurrently, the ENA token itself delivered an astounding 550% price surge over the last five months, placing Ethena firmly among the top 10 DeFi protocols by total value locked (TVL), currently at approximately $5.8 billion. In December 2024, Ethena expanded its stablecoin offerings by launching USDtb, a stablecoin backed 1:1 by cash and cash equivalents, with a remarkable 90% of reserves held in BlackRock’s USD Institutional Digital Liquidity Fund via Securitize. Ethena’s innovative USDe and the newly introduced USDtb represent crypto-native alternatives to established stablecoins such as USDT and USDC, promising censorship resistance and enhanced on-chain transparency. Given USDtb's institutional-grade backing and advanced risk mitigation, it stands to substantially impact the broader stablecoin ecosystem, particularly as traditional USD-backed stablecoins face heightened regulatory scrutiny. With Ethena’s significant innovations and market momentum in mind, let's carefully examine several potential price scenarios traders should be prepared for. Possible Scenarios 1. Breakout Rise (Bullish Scenario) Technical analysis indicates that ENA has formed a notable "triple bottom" around the $0.25 area, suggesting robust buying interest at this support level. If this support further solidifies, ENA could soon experience a bullish breakout above the immediate resistance at $0.37. However, traders should exercise patience as the $0.50 zone represents strong resistance. It is expected that ENA’s price may fluctuate considerably before breaking confidently above this key psychological level. Pro Tips: Entry Strategy: Look to enter positions upon a confirmed breakout above $0.37, ideally with increasing trading volume. Risk Management: Place stop-losses slightly below recent lows around $0.24–$0.25 to safeguard against false breakouts or reversals. Profit-Taking: Consider partial profit-taking as the price approaches the critical resistance zone near $0.50. 2. Bearish Drop (Caution Scenario) In a bearish scenario, potentially driven by broader negative market sentiment, ENA’s price could experience renewed downward pressure. A decisive, high-volume breakdown below the crucial support at $0.25 would strongly signal this bearish trend continuation. Pro Tips: Short Opportunities: Advanced traders might explore short-selling opportunities if ENA convincingly breaks below the $0.25 support. Risk Mitigation: Set tight stop-losses to manage exposure, particularly if trading in volatile conditions. 3. Accumulation Phase (Neutral Scenario) If the key $0.25 support successfully withstands selling pressure, Ethena’s price may enter a period of consolidation, bouncing between $0.25 (support) and $0.37 (resistance). Such consolidation typically reflects market indecision and accumulation before a substantial directional move. Pro Tips: Range Trading: Consider employing strategies such as grid trading to benefit from regular price oscillations within this trading range. Observation and Patience: Stay observant for changes in volume or price momentum, as these could signal an imminent breakout or breakdown. Conclusion Ethena (ENA) is positioned at an intriguing crossroads, supported by impressive fundamentals, innovations, and growing market influence. Traders should closely monitor the outlined technical scenarios—recognizing key support and resistance levels, employing disciplined risk management, and capitalizing strategically based on evolving market conditions. With careful planning and timely execution, traders can confidently navigate Ethena’s current volatility and capture potential upside opportunities. 🔥 Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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
ENA About to Explode or Dump? Key Levels You Can’t Ignore!Yello Paradisers — are you positioned right for the next potential explosion in #ENA, or will you get caught on the wrong side of the move like most retail traders? After a brutal grind in a descending channel, something big is brewing... and it’s coming faster than many realize. Let's dive in. 💎#ENAUSDT currently facing a key resistance at the upper boundary of the descending channel, clearly tested multiple times and respected well by the market structure. A candle close above this channel would trigger a confirmed breakout, which opens up a clean path for continued upside movement — the next major target sits at the resistance zone between 0.446 and 0.4725. 💎There’s a high-probability alternative setup unfolding as well: ENA holding the S/R level around 0.3448 and the demand zone below, which aligns perfectly with the multi-timeframe EMA support. If this area holds strong, expect another impulse move toward our resistance zone as momentum builds. 💎Price had been forming lower highs and lower lows, respecting the downtrend But recently we observed a Clear Change of Character (ChoCH) — ENA broke market structure by forming a higher high.What usually follows? A higher low, and that’s where we are now. 💎The most probable scenario is for price to pull back to the S/R level or dip into the demand zone, and then form a higher low before making the next leg upward toward resistance. 💎Invalidation is simple and must be respected: if we see a confirmed candle close below 0.2798, then the bullish case breaks and the setup is no longer valid. This is where you must cut quickly, avoid hope-trading, and reassess the structure from scratch. Don’t chase. Don’t panic. React with strategy, not emotion. This is how real professionals win in crypto. Stay sharp, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ENA Coiling Up — Parabolic Rally or Pullback Ahead?$ENA/USDT Analysis: Price is currently moving sideways, stuck between a clear support and resistance zone. It’s been bouncing off the lower support zone and consistently facing rejection from the upper resistance zone. A breakout above the resistance could trigger a strong upward move — possibly a parabolic rally. On the flip side, if it breaks below the support zone, we could see a deeper correction. Until then, it’s all about patience and watching for that breakout or breakdown confirmation. DYOR, NFA
Long
by unichartz
#ENA/USDT#ENA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.3430. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.3521 First target: 0.3608 Second target: 0.3728 Third target: 0.3882
Long
by CryptoAnalystSignal
#ENA/USDT#ENA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.3700. We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 0.3911 First target: 0.4100 Second target: 0.4235 Third target: 0.4410
Long
by CryptoAnalystSignal
ENA: 300% Potential Rally!Hello Traders! 👋 Here’s a quick analysis of ENA on the Daily Timeframe 📈: ENA has shown a solid rebound, forming a support trendline, and is currently holding the 21 EMA as strong support. With the overall market showing bullish momentum, ENA has the potential to rally up to 300% in the coming days! 🚀 🧠 Trading Strategy: • Entry: $0.27 to CMP • Type: Spot 💼 • Target: $0.80 – $1.20 🎯 🔔 Note: Always do your own research (DYOR) before investing. Trade wisely and manage your risk! ⚠️📊 #ENA
Long
by Dexter_The_Trader
1
Ethena Short-Term Trade-Setup: Easy Profits 708%Ethena is now ready to produce a new advance, higher prices. The (1) shows a low before the last bullish jump. The (2) is a higher low which tends to lead to a higher high. Looking at the Altcoins market, looking at Bitcoin and how strong it is; looking at the volume and candles, all is green. ENAUSDT is ready to grow short-term, which means fast; the next advance is likely to start within days. The start will happen soon but the end is far away. Look, the bottom has been forming for months. The bearish wave ended in March, then the market flush and now the recovery; prices are still low. The thing is that once the action starts, there is no going back, it will happen so fast that by the time you look at the market, at the chart, everything will be 100% to 200% up. There will be more growth, but is better to get in early. Thanks a lot for your continued support. Buy and hold. Namaste.
Long
by MasterAnanda
BUY/LONG ENAUSDT FOLLOWING D1 PEAKBUY/LONG ENAUSDT FOLLOWING D1 PEAK Hello, While the little one is fast asleep, I’m taking a moment to share a few pairs set to rise soon. ENAUSDT is one such case. It’s similar to PNUT—rising together, falling together. Currently, after a few days of gains, it’s in a corrective pullback, but don’t short it. Wait to LONG or BUY ENA for the next upward move. Entry BUY: Look for the H4 correction to bring ENA’s price to around $0.3611. Close Buy/Long: Refer to the price levels on the chart to take profits. Wishing you success!
Long
by rainbow_sniper
2
ENA is repeating a bullish fractal (1D)Look at the red, white, yellow, and green boxes in order, and then pay attention to the white trigger lines. You’ll notice that the previous phases | the end of the bearish trend (red box), followed by a bullish move for breakout (white box), then a pullback (yellow box), and finally the main bullish move (green box) | are now repeating. Also, the price is currently sitting within the trading range marked by the two green lines, which is a key area. After the pullback is completed, a bullish wave is expected to begin, potentially reaching at least around the previous all-time high (ATH). For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
Breakout trading possible range: 0.4140-0.4424 Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (ENAUSDT 1D chart) The key is whether it can break through the 0.4140-0.4424 range and rise. It is expected that breakout trading will be possible if the 0.4140-0.4424 range breaks through. However, it is judged that it is possible to lead to additional rise only if it rises above 0.5082 at once and maintains the price. Therefore, if breakout trading was not possible, trading is possible if support is confirmed near 0.4140-0.4424. - If it rises above 0.5082 and is supported, there is a possibility that it will rise significantly as there is no special resistance zone. In other words, it seems possible that it will break through 0.7907 and 1.0382. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Here is an explanation of the big picture. I used TradingView's INDEX chart to check the entire range of BTC. I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
by readCrypto
ENAUSDT - IS it still Bullish?This is for ENA - and below is the M-Profile The 4H SVP chart of ENA/USDT displays a very strong bullish structure after a prolonged downtrend and compression phase. Price stayed compressed under $0.31 with declining volume and tight overlapping value areas—this created a base. The breakout occurred explosively on May 8, with aggressive volume and clear value area migration upward. Each subsequent 4H session shows price acceptance above prior value, with POC shifting from $0.36 to $0.38 and now to $0.41, confirming strength. The current VAH is around $0.422 and POC at $0.418, so if ENA holds above $0.41, dips into this value area are ideal for continuation longs. If it breaks above $0.422 with volume, the next breakout leg may target $0.445–$0.46. Overall, the structure suggests the uptrend is intact unless price closes back below $0.39 VAH. This is the doodle you can long for, a small little bit more of an upmove before it makes a fall below owing btc move' though expecting more higher a bit of a move!
Long
by MastaCrypta
TradeCityPro | ENA: Expansion Pattern Near Critical Break Levels👋 Welcome to TradeCity Pro! In this analysis, I want to review the ENA coin for you. The Ethena project is one of the DeFi projects in crypto that has attracted a lot of hype in this category. 💥 ENA coin, with a market cap of $1.7 billion, ranks 50th on CoinMarketCap. 📅 Daily Timeframe As you can see on the daily chart, there is an Expanding Triangle, and the price is fluctuating within this pattern. 📚 One key characteristic of an Expanding Triangle is that while the price is within the triangle, it tends not to respect static levels such as supports and resistances. Currently, the price is within the triangle and, as you can see, it doesn’t respond significantly to static zones. 📈 For this coin to become bullish, the triangle must break to the upside and the triangle trigger at 0.37 should be activated. In that case, the price can move upward and begin a bullish trend. Full confirmation of the bullish reversal will come with price stabilization above 0.4746. ✔️ For continued downward movement, the first trigger is the break of 0.2694. If you already hold this coin, you can use this level as a stop-loss — and once the price closes below it, you can trigger your stop-loss. 📊 For short positions, the break of 0.2694 is a valid trigger, but the issue is that it activates before the triangle breaks, and I personally prefer not to open a position within an Expanding Triangle — I’d rather wait and enter after it breaks. 🔽 Another trigger for a bearish move is the break of 0.2054. This is the main support for ENA, and if it breaks, the price will register a new All-Time Low. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3