🔥 ENA: THE KIT IS SELLING, BUT THE TOKEN IS GOING UP! 🐋
Today, the spotlight is on Ethena (ENA)!
📈 As of October 26, ENA is trading around $0.21, up about 8% over the past day. But the most interesting part is that amid the rebound, Arthur Hayes reportedly sold another 14 million ENA for about $2.73 million, according to trackers!
⚡ What could move ENA further?
🔹 $0.20 — an important support zone.
🔹 $0.22–0.23 — the nearest resistance.
🔹 A breakout above $0.23 with volume could open the way to $0.25.
🔹 The expansion of the USDe ecosystem on OKX X Layer is an additional reason to keep an eye on the project.
⚠️ But it's too early to relax! In early November, a large ENA unlock is expected, and that could increase selling pressure.
🎯 My view: if ENA holds $0.20 and breaks above $0.23, the bulls will have a chance to continue the recovery. But for now, this is a bounce, not a confirmed trend reversal.
💬 Now it's your turn! Is ENA preparing to surge to $0.25, or are we looking at another trap for longs? 👇$ENA
#BinanceSquare #ENA
Today, the spotlight is on Ethena (ENA)!
📈 As of October 26, ENA is trading around $0.21, up about 8% over the past day. But the most interesting part is that amid the rebound, Arthur Hayes reportedly sold another 14 million ENA for about $2.73 million, according to trackers!
⚡ What could move ENA further?
🔹 $0.20 — an important support zone.
🔹 $0.22–0.23 — the nearest resistance.
🔹 A breakout above $0.23 with volume could open the way to $0.25.
🔹 The expansion of the USDe ecosystem on OKX X Layer is an additional reason to keep an eye on the project.
⚠️ But it's too early to relax! In early November, a large ENA unlock is expected, and that could increase selling pressure.
🎯 My view: if ENA holds $0.20 and breaks above $0.23, the bulls will have a chance to continue the recovery. But for now, this is a bounce, not a confirmed trend reversal.
💬 Now it's your turn! Is ENA preparing to surge to $0.25, or are we looking at another trap for longs? 👇$ENA
#BinanceSquare #ENA
