ENA / USDT
_Current price:_ ~ 0.21$ - 0.22$
- Open: 0.2196$, high: 0.2226$, low: 0.1941$ today
- Down ∼2% today and ∼14-17% over the week, but still up +33% for the month.
- The all-time high was 1.52$ on April 11, 2024, so it is currently -86% from its all-time high
- 24-hour trading volume: ∼558 million $ - 583 million $
- Market cap: ~ 2.95 billion $
This is exactly the correction behavior we talked about. ENA had a massive rally of +75% in September and +84% in August, so a 14-17% weekly drop is just normal profit-taking, not a trend breakdown.
Don't enter randomly here. ENA is currently showing neutral momentum.
1. _Bitcoin stabilizes_ - wait for a reclaim
2. _ENA holds its structure_ - 0.19$ - 0.20$ was today's low, and this is your short-term support. If it holds with trading volume, that shows relative strength.
3. Look for a new catalyst involving Ethena / USDe flows, funding rates, or news of a new listing / integration on a platform.
If you want to trade it: wait for confirmation, not a falling knife. Missing the first 5-10% bounce is better than getting caught in another 30% drop.
#ENAUSDT
_Current price:_ ~ 0.21$ - 0.22$
- Open: 0.2196$, high: 0.2226$, low: 0.1941$ today
- Down ∼2% today and ∼14-17% over the week, but still up +33% for the month.
- The all-time high was 1.52$ on April 11, 2024, so it is currently -86% from its all-time high
- 24-hour trading volume: ∼558 million $ - 583 million $
- Market cap: ~ 2.95 billion $
This is exactly the correction behavior we talked about. ENA had a massive rally of +75% in September and +84% in August, so a 14-17% weekly drop is just normal profit-taking, not a trend breakdown.
Don't enter randomly here. ENA is currently showing neutral momentum.
1. _Bitcoin stabilizes_ - wait for a reclaim
2. _ENA holds its structure_ - 0.19$ - 0.20$ was today's low, and this is your short-term support. If it holds with trading volume, that shows relative strength.
3. Look for a new catalyst involving Ethena / USDe flows, funding rates, or news of a new listing / integration on a platform.
If you want to trade it: wait for confirmation, not a falling knife. Missing the first 5-10% bounce is better than getting caught in another 30% drop.
#ENAUSDT
