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Sergiolo
@Sergiolo
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$NOT I feel that today it will get close to 0.03 again and then it will hit a drop that anyone who is not paying attention.... poor guy.
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Ena does not disappoint.
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Ethena’s 15% Price Surge Sparks Attention, Here’s Why?
Today, the overall cryptocurrency market has seen massive upside momentum, including Bitcoin, Ethereum, Solana, and the recently launched Ethena. Following this massive upside momentum, on May 21, 2024, an on-chain analytics firm made a post on X (previously Twitter) that a multisignature wallet associated with “lemmasolutions” has made $1.87 million from Ethena (ENA) in just four days.
Trader made $2 million from ENA in just 4 days
According to SpotOnChain, this multisignature wallet has recently executed a series of transactions involving the cryptocurrency ENA, resulting in a significant profit of $1.87 million (+19%) in just four days. Since May 17, 2024, the wallet has withdrawn a total of 13.86 million ENA from Gate.io, with the latest withdrawal occurring 17 hours ago, right before a notable price surge.
The average price of the ENA token was around $0.73, leading to a total investment of over $10 million. Following the recent price surge, this amount rose to $12 million. However, the timing of the investment before the price surge raises concerns that this wallet holder might have known about the upcoming move, leading to questions about potential insider trading.
The major reason behind this massive price surge might be due to the recent substantial price increases of top cryptocurrencies like Bitcoin and Ethereum, which soared nearly 6% and 18% in the last 24 hours, respectively. Alongside these top cryptocurrencies, ENA also surged nearly 15% in the last 24 hours and is currently trading near the $0.83 level.
ENA technical analysis and key levels
Looking at the price performance of ENA over a longer period, in the last 7 days, ENA saw a price increase of over 11%. However, in the last 30 days, ENA experienced a price drop of over 23%, falling from $1.07 to $0.65 during this period.
According to expert technical analysis, ENA is looking bullish and is heading toward a major resistance level of $0.92. This resistance level may create a hurdle for ENA in the coming days. If the ENA token breaks out of this resistance level and closes above the $0.95 level on the daily chart, we may see a bullish move to the $1.09 level or even higher.
Trader made $2 million from ENA in just 4 days
According to SpotOnChain, this multisignature wallet has recently executed a series of transactions involving the cryptocurrency ENA, resulting in a significant profit of $1.87 million (+19%) in just four days. Since May 17, 2024, the wallet has withdrawn a total of 13.86 million ENA from Gate.io, with the latest withdrawal occurring 17 hours ago, right before a notable price surge.
The average price of the ENA token was around $0.73, leading to a total investment of over $10 million. Following the recent price surge, this amount rose to $12 million. However, the timing of the investment before the price surge raises concerns that this wallet holder might have known about the upcoming move, leading to questions about potential insider trading.
The major reason behind this massive price surge might be due to the recent substantial price increases of top cryptocurrencies like Bitcoin and Ethereum, which soared nearly 6% and 18% in the last 24 hours, respectively. Alongside these top cryptocurrencies, ENA also surged nearly 15% in the last 24 hours and is currently trading near the $0.83 level.
ENA technical analysis and key levels
Looking at the price performance of ENA over a longer period, in the last 7 days, ENA saw a price increase of over 11%. However, in the last 30 days, ENA experienced a price drop of over 23%, falling from $1.07 to $0.65 during this period.
According to expert technical analysis, ENA is looking bullish and is heading toward a major resistance level of $0.92. This resistance level may create a hurdle for ENA in the coming days. If the ENA token breaks out of this resistance level and closes above the $0.95 level on the daily chart, we may see a bullish move to the $1.09 level or even higher.
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good analysis
Good News for $ENA :
Still has room to go bullish all the way to $1.526, accordingly to the Pump and Dump Indicator max point.
Bad News for $ENA : Long white line shows the asset is severely pumped in the 4d scale. It won't be long before we get a bearish breakout possibly returning the token to $1. Eyes open for that and Stop Losses ready at ~$1.1 are recommended.
Red Line (Short Term): Asset is towards a pump. 60/70 is a transition phase.
White Line (Long Term): Asset is pumped. 67/70 means it is almost breaking the Pump Threshold and this tells us $ENA might go through some days of bearish trend in the near future.
This won't happen right now hopefully, but the clue is in the image below. Don't be impressed if in three or four days we see ENA at $1.1 back again, which I hope not, too .
Still has room to go bullish all the way to $1.526, accordingly to the Pump and Dump Indicator max point.
Bad News for $ENA : Long white line shows the asset is severely pumped in the 4d scale. It won't be long before we get a bearish breakout possibly returning the token to $1. Eyes open for that and Stop Losses ready at ~$1.1 are recommended.
Red Line (Short Term): Asset is towards a pump. 60/70 is a transition phase.
White Line (Long Term): Asset is pumped. 67/70 means it is almost breaking the Pump Threshold and this tells us $ENA might go through some days of bearish trend in the near future.
This won't happen right now hopefully, but the clue is in the image below. Don't be impressed if in three or four days we see ENA at $1.1 back again, which I hope not, too .
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Claim your reward up to 3 USDT now!
Simply click “Claim USDT” and then claim your reward. New users receive a higher reward amount!
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It will be ?
🚀💥 Top 6 Memecoins Ready for the Next Bull Run Explosion! 🎉🤯
1. Dogecoin (DOGE):
Hold on to your hats as DOGE launches a rocket to the moon! The rise, which recently reached $0.22 with an increase of approximately 40%, is full of surprises 👀🚀
2. Shiba Inu (SHIB):
Prepare for SHIB to be in the spotlight! March witnessed significant price increases and the excitement doesn't end there. Mark your calendars for April 17-18; SHIB partners with a private company (shhhh, Google knows!) and also introduces its ambitious layer-2 blockchain solution, Shibarium.🐕🌟
3. Dogwifhat (WIF):
Don't sleep in WIF with a feeling of solana! Since its listing, WIF is breaking new ground with a jaw-dropping 3,000% increase since the beginning of 2024, hitting an all-time high of $4.80 and approaching $5 billion in market capitalization. 🚀💰
4. Meme Book (BOME):
Get ready to dive into the BOME madness! Born on the Solana blockchain, BOME emerged in mid-March and caused a stir with a market cap that briefly flirted with $1.5 billion before settling at around $850 million. 💥
5. BONK (BONK):
Fasten your seat belts for a wild ride with BONK! This Solana native memecoin has already seen a staggering 250% increase and is rumored to reach $0.000677 by June 2024 (minus one zero, of course!). Indicators that point to bullish sentiment and Fear and Greed that flirt with extreme greedRemember, be careful in these risky waters! 🎢💸
6. LADYS, this coin can make it 3x and 5x at any time, it stands out with its independent and strong supporter, it should definitely be in your cart.❤️👍
Disclaimer: Remember adventurers, the crypto world is a land of high risk and high reward.
Arm yourself with knowledge and research before you move forward, because only the brave can prevail! 🛡️💰
1. Dogecoin (DOGE):
Hold on to your hats as DOGE launches a rocket to the moon! The rise, which recently reached $0.22 with an increase of approximately 40%, is full of surprises 👀🚀
2. Shiba Inu (SHIB):
Prepare for SHIB to be in the spotlight! March witnessed significant price increases and the excitement doesn't end there. Mark your calendars for April 17-18; SHIB partners with a private company (shhhh, Google knows!) and also introduces its ambitious layer-2 blockchain solution, Shibarium.🐕🌟
3. Dogwifhat (WIF):
Don't sleep in WIF with a feeling of solana! Since its listing, WIF is breaking new ground with a jaw-dropping 3,000% increase since the beginning of 2024, hitting an all-time high of $4.80 and approaching $5 billion in market capitalization. 🚀💰
4. Meme Book (BOME):
Get ready to dive into the BOME madness! Born on the Solana blockchain, BOME emerged in mid-March and caused a stir with a market cap that briefly flirted with $1.5 billion before settling at around $850 million. 💥
5. BONK (BONK):
Fasten your seat belts for a wild ride with BONK! This Solana native memecoin has already seen a staggering 250% increase and is rumored to reach $0.000677 by June 2024 (minus one zero, of course!). Indicators that point to bullish sentiment and Fear and Greed that flirt with extreme greedRemember, be careful in these risky waters! 🎢💸
6. LADYS, this coin can make it 3x and 5x at any time, it stands out with its independent and strong supporter, it should definitely be in your cart.❤️👍
Disclaimer: Remember adventurers, the crypto world is a land of high risk and high reward.
Arm yourself with knowledge and research before you move forward, because only the brave can prevail! 🛡️💰
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