A few quick tips from A Jian on several altcoins that pulled back today:
$ENA
Ethena's current buyback and unlock mechanisms remain strong, but its short-term price has already seen a significant pullback. The key area to hold is around $0.24. Only if it holds can we say that buyback expectations remain supportive; if it breaks below, be wary of supply and leverage being released together.
$ONDO
It has recently continued to benefit from the ongoing RWA and stablecoin payments narratives, but the token price has not broken through in tandem. For RWA tokens, you still need to look at the project's distribution, redemption, and revenue—not just the concept.
$PUMP
Platform revenue continues to rise, but the token still faces circulating supply and attention-cycle pressures. $0.0054 is a short-term resistance level. Distinguish the short-term trend from the ebbing of meme liquidity. DYOR.
$ENA
Ethena's current buyback and unlock mechanisms remain strong, but its short-term price has already seen a significant pullback. The key area to hold is around $0.24. Only if it holds can we say that buyback expectations remain supportive; if it breaks below, be wary of supply and leverage being released together.
$ONDO
It has recently continued to benefit from the ongoing RWA and stablecoin payments narratives, but the token price has not broken through in tandem. For RWA tokens, you still need to look at the project's distribution, redemption, and revenue—not just the concept.
$PUMP
Platform revenue continues to rise, but the token still faces circulating supply and attention-cycle pressures. $0.0054 is a short-term resistance level. Distinguish the short-term trend from the ebbing of meme liquidity. DYOR.