$ENA just broke out of months of compression, pushing from around $0.09 toward $0.145 with strong volume behind it.
The move also has a catalyst. Ethena’s $1B FalconX credit partnership and TVL recovery above $4B are bringing fresh attention back to the USDe ecosystem. But after a 40%+ daily move, I’d rather wait for a pullback than chase.
My setup:
• Entry: $0.120 to $0.125
• TP1: $0.150
• TP2: $0.170 to $0.180
• Invalidation: below $0.115
• Bias: bullish while breakout holds
For now, I’m watching whether $ENA can turn this breakout into support.
The move also has a catalyst. Ethena’s $1B FalconX credit partnership and TVL recovery above $4B are bringing fresh attention back to the USDe ecosystem. But after a 40%+ daily move, I’d rather wait for a pullback than chase.
My setup:
• Entry: $0.120 to $0.125
• TP1: $0.150
• TP2: $0.170 to $0.180
• Invalidation: below $0.115
• Bias: bullish while breakout holds
For now, I’m watching whether $ENA can turn this breakout into support.