ENA, this year's star coin, popular cryptocurrency. Established on Ethereum's dollar protocol, a kind of internet bond. If classified, it could also fall under the category of DeFi protocols. However, after the bull market in Toronto, those that can truly survive are almost just Uni, Aave, Cake, Copm, and LDO, the DeFi types of trading.
Although this ENA has strong institutional support, there must be large institutions investing, and institutions need to cash out. It's a love and fear situation for it.
From a technical perspective, it has been rising for several weeks, breaking through the downward pit with volume. It has currently exited the pit and will continue to rise in the future. The upper pressure is at 1.5230, the previous high, and breaking this previous high is just a matter of time.
The short-term support below is at 1.2091 and around 1.0820. You can place orders to get in. Set the stop loss at around 0.995.
For medium to long-term positioning, it requires time. From a stability perspective, for medium to long term, around 0.87 and 0.65 can be entry points for 33.
In 2 days, it will be unlocked again, so pay attention to price fluctuations. Moreover, ENA has a total supply of 15 billion tokens, with currently 86.54% still unlocked. So we can make a hypothesis that if this bull market can reach 5 dollars, that would be impressive. Don’t think too much. After the next bull market, it will definitely be a disaster. Altcoins only make profits, don't have too much ambition. $ENA