The Ethena Price Could Start To Climb as the MACD Shows Promising Bullish Signs

This analysis will delve into the 4-hour chart of the #Ethena price, examining key levels and indicators to predict potential movements.

The current price is trading around $0.965, with the 9 Exponential Moving Average (EMA) trending upwards at $0.9692. The 20 EMA is lagging behind, situated at $0.9435. This divergence could signal a potential reversal or continuation of the trend.

The MACD indicator is flashing bullish signals, with a recent uptick in the MACD line and a positive histogram. This suggests that #ENA may be poised for further gains. The RSI (Relative Strength Index) has been trending upwards, currently reading 56.34, indicating a moderate level of bullish momentum.

Looking at resistance levels, two key areas are:

$1.019: A strong resistance level that would require a significant surge to test.
$1.105: An even higher resistance level that could signal a major uptrend.

In terms of support levels, there are two key areas:

$0.896: A crucial level that has previously acted as both support and resistance. If $ENA were to break below this level, it could signal a significant downtrend.
$0.881: A stronger support level that would require a more substantial decline to test. #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Ethena Labs' USDe stablecoin has swiftly reached a $3 billion supply, making it the fastest USD asset to hit this mark within four months of its February launch.

#Ethena! #ETHENALAUNCHPOOL #EthenaLabs #Ethena #StartInvestingInCrypto $ENA $USDC

⭐️ Ethena USDe Custodian Certificate Shows Skyrocketing Asset Value!

Ethena’s May custodian certificate reveals $2.677 billion in assets, bolstering investor confidence.Copper, Ceffu, and Cobo verified holdings contribute significantly to the custodial assets.With $15.4 million for redemptions and $42.3 million in reserves, Ethena ensures liquidity and stability.

Ethena USDe has released its highly anticipated USDe asset custodian certificate for May.

The certificate, unveiled as of 18:00 (UTC+8) on May 24, showcases a remarkable $2.677 billion in custodial assets, further solidifying Ethena’s position in the digital asset market.

Among the key highlights of the custodian certificate is the revelation that the supply of USDe stands at 2.673 billion. This substantial supply underscores the growing demand for stablecoin assets and reflects investor confidence in Ethena’s ecosystem.

Copper verified holdings amount to an impressive $1.318 billion, followed closely by Ceffu verified holdings at $1.338 billion. Additionally, Cobo verified holdings contribute $5.52 million to the overall custodial assets. The verification of these holdings reaffirms Ethena’s commitment to transparency and accountability in managing digital assets.

🔸 Ethena’s Financial Infrastructure Highlights

One notable aspect of the custodian certificate is the disclosure of unrealized gains and losses by all custodians. This transparency provides investors with valuable insights into the performance and stability of Ethena’s custodial assets, fostering trust and confidence in the platform.

Ethena’s minting/redemption contracts boast $15.4 million available to meet redemption needs, ensuring liquidity and flexibility for USDe holders. Additionally, the reserve fund stands at an impressive $42.3 million, further strengthening Ethena’s financial position and resilience.

The release of the USDe asset custodian certificate for May underscores Ethena’s commitment to transparency, reliability, and investor protection.

$ENA #ENA #Ethena

🧙‍♂️ #Ethena (ENA) total locked value (#TVL ) increased by 20% in the last 2 weeks to $2.75 billion.
$ENA

🔓 5 Token Unlocks to Watch This Week!

1. #Optimism - $81M
- Unlock date: May 31
- 31.34M $OP unlocked
- Current supply: 1.08B OP

2. #1inch (1INCH) - $41M
- Unlock date: June 1
- 98.7M $1INCH unlocked
- Current supply: 1.15B 1INCH

3. #dYdX (DYDX) - $67M
- Unlock date: June 1
- 33.33M $DYDX unlocked
- Current supply: 279.8M DYDX
- More: Leading decentralized perpetual futures protocol.

4. #Sui (SUI) - $68M
- Unlock date: June 1
- 65.08M $SUI unlocked
- Current supply: 2.33B SUI

5. #Ethena (ENA)
- Unlock date: June 1
- 53.6M $ENA unlocked
- Current supply: 1.47B ENA

$ENA Bitcoin kaynaklı yada Abd Haziran faiz kararı kaynaklı bir olumsuzluk olmazsa artık #Ena #Ethena Üst direnci kırmasını beklerim konsolidasyon tamamlanmak üzere ve üst direnç kırılıp üstteki fiyatlara hareket etmesi gerekiyor. $BTC bu hafta yukarıdaki hedefleri vurmaya 70100 üzerinde devam ederse Ena Ethena da üst hedeflere yönelecek.
$ENA

Token Unlocking Events Taking Place Next Week.

Token unlocking events are the focus of investors due to the volatility they may create. Because Token unlocking increases the total supply of a cryptocurrency project. These important events attract the attention of both investors and analysts. You can find notable token opening dates and details of related projects in our news. 

Many projects will be holding token unlocking events over the next week.  According to Token Unlocks data, OP, SUI, DYDX and more projects are planning unlock events between May 27 and June 2. These planned events continue to attract the attention of the cryptocurrency world. Major projects such as Optimism, dYdX, and Sui, among others, will witness token unlocking activity totaling more than $376 million in the next few weeks. This increase in circulating supply can lead to price fluctuations in the crypto market.

#Optimism (OP): Slated to launch the largest amount of tokens next week, with 2.88% of the circulating OP supply (31.34 million tokens worth $82.12 million) distributed to founders, project team and investors on May 31 .

#Sui (SUI): Follows the same path with the planned release of 65.08 million SUI tokens worth $70.35 million, representing 2.78% of SUI’s circulating supply. These tokens will be allocated to private investors, teams, founders and community members.

dYdX (DYDX): dYdX exchange stands out with a significant load transfer; this is worth $66.33 million, accounting for 11.9% of the circulating supply of the #DYDX token. This distribution, set for June 1, includes a section reserved for founders, employees, advisors, consultants and “future employees.”

In addition, #Ethena (ENA), #Acala (ACA), 1INCH and ZETA are also planned to be unlocked on June 1. YGG and NYM will witness an unlock event with a total value of over $20 million on Sunday.

5 popular altcoins that will be unlocked next week.

Cryptocurrency markets appear to be declining after the rise on the first day of the week, giving back half of their gains.
While cryptocurrencies generally continue their downward trend on the last business day of the week, the reported lock openings have the potential to put additional pressure on the relevant altcoins. According to Token Unlocks' report, a total of $376.27 million worth of crypto assets are planned to be unlocked in the coming week.

Among the major altcoins whose supply will increase with the lock opening between May 27 and June 2, #Optimism (OP), Sui (SUI), #Ethena (ENA), #1inchCard (1INCH), dYdX (DYDX) are at the top.
According to the report, OP tokens worth $82.12 million, representing 2.88% of the circulating supply on the Optimism network, will be released on May 31. It is expected that this activity may increase the volatility of the altcoin due to the high amount of OP to be unlocked.

On June 1, $70.35 million worth of #SUI will be released, accounting for 2.78% of the circulating supply. Additionally, 11.91% of DYDX's circulating supply and $47.97 million worth of ENA tokens will be unlocked on the same date.
Effect of lock openings on altcoin prices
While altcoin investors have been closely monitoring the tokens to be unlocked recently, the prevailing idea is that these activities, which will increase the supply of the relevant crypto asset, may put pressure on the price of the asset. Both the expectation of a sale and the situation of buyers selling these assets can sometimes negatively affect the price of the unlocked altcoin.
$OP $1INCH $SUI

Ethena Price Poised to Test Key Resistance at $0.883 as Bullish Trends Persist

In the latest trading sessions, the #Ethena price has shown notable movements within a specified range, according to data from the 4-hour chart. The pair's closing prices have recently oscillated from a low of $0.867 to a high of $0.917, marking significant volatility. Currently, the price stands at $0.877, just shy of critical resistance and support levels that may dictate the next directional move.

The 9 EMA (Exponential Moving Average) and 20 EMA trend lines provide a clearer view of the underlying momentum. The 9 EMA values have progressed from $0.8259 to $0.8648, while the 20 EMA has seen an increase from $0.8234 to $0.8467. This alignment where the 9 EMA consistently stays above the 20 EMA indicates a bullish sentiment in the near term.

The MACD (Moving Average Convergence Divergence) further substantiates this bullish outlook. The MACD line has stayed above the signal line throughout the period, with the latest readings showing a MACD of $0.0153 and a signal of $0.0073. The histogram, a measure of the momentum, also supports growth, indicating increasing bullish momentum as the latest value stands at $0.0080.

The RSI (Relative Strength Index), a measure of the asset's internal strength, peaked at 68.20 before dipping to the current level of 57.74. Values above 50 generally suggest a bullish market condition, but the recent decline could indicate a tempering of buying pressure.

As $ENA hovers near $0.877, resistance and support levels become crucial for future movements. Resistance levels at $0.883, $0.901, and $0.926 are key for traders to monitor. A breakout above $0.883 could pave the way for testing higher resistance levels. Conversely, support levels at $0.846, $0.842, and $0.808 are vital for maintaining the current bullish structure. A break below $0.842 might trigger bearish signals, pushing the price toward lower supports. #TrendingPredictions #BullorBear #ENA
The full analysis and trade strategy were originally posted on ecoinimist.com.

#ENA
What i learn from my mistake:

last Sunday i.e 5/5/2024, i fed up with ethena coin and sold it at 8.06, the moment i sold all my ENA, it jumped and made a big green candle and i bought ENA again but bear a loss of $1000.

i learned that never loose trust on a big project like #Ethena and be paient.
so, guys be patient and look at the movements of BTC And market fundamentals. Otherwise this coin is a bomb.

❤️ THIS POST AND I WILL SHARE NEXT 10X GEM COIN

#ENA LTF UPDATE (ON DEMAND)

#Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.

ANY THOUGHTS ON $ENA ?

🔔 Ethena (ENA) Farming Starts On Binance Launchpool From 30 Mar !

▶️ Token Info:
▪️ Ticker: $ENA
▪️ Total Supply: 15B ENA
▪️ Launchpool Rewards: 300M ENA (2% of max token supply)
▪️ Initial Circulating Supply: 1.425B ENA (9.5% of max token supply)

▶️ Staking Info:
▪️ Token staked: BNB, FDUSD
▪️ Farming period: 30 Mar ~ 1 Apr
▪️ Hourly Hard Cap per User:
▫️ BNB: 333,333.33 ENA
▫️ FDUSD: 83,333.33 ENA

▶️ Listing Info: Binance will list ENA on 2 Apr, 08:00 (UTC)

▶️ Check More Details Here :
https://www.binance.com/en/support/announcement/6c216f219f0e42adb1849759dee3fbd9

#ENA #Ethena

Ethena (ENA) has been listed on multiple exchanges

Ethena $ENA has been listed on #Binance , Bybit, Gate, Bitget, MEXC, and KuCoin today at 8:00 UTC. 5% of total supply has been airdropped to the participants of the early access airdrop campaign.

#Ethena is a synthetic dollar protocol on Ethereum that enables a stable, scalable, crypto-native currency, $USDe, free from traditional banking dependencies.

Ethena Labs previously raised $20.5 million in three rounds of funding with support from Dragonfly, Maelstrom, Binance Labs, Delphi Digital and others.