đ„Let's see what's going on in $ENA token
đ The only thing i see is people blindly talking about it without any fundamentals. These people are emotional driven and their sentiments change faster than a chameleon changing it's colours. When Ethena was bleeding they were talking about how useless this project is. Now it's going up (Just a little bit) they're now super bullish. Newbies.....
đ I think this is likely to be the bottom but i think there's more pain upcoming and more chop. If this is not the bottom then we might expect another push to the downside. But it won't be anything sudden, but slow grinding to the upside or downside.
đ For ENA to go all the way to the highs, it needs to build strength and that requires time. Anything in the short timeframe is just manipulation and bs. Remember, the majority of the holders are the whales, who manipulate people's psychology and mindset. So i won't be surprised if we see Ethena down all the way to $0.5
đ Talking about the market sentiment, I'M NOT SEEING ANYTHING BULLISH HERE. There's literally no strength now to push the price higher. So those who are being super bullish right now needs to learn how the market works.
đ Unless there is a clear break of structure, we're still in a downtrend! The only thing I see in the shorter time frame is more chop and more pain....
