$ENA supply Pressure vs. Recovery Potential 👀
I’m watching ENA closely because its next move depends on whether buyers can absorb selling pressure and turn improving tokenomics into real demand.
🔹 Price zone: Around $0.19
🔹 Bullish trigger: Reclaim resistance with strong volume and hold the breakout.
🔹 Bearish trigger: Lose support as selling pressure increases.
My view: Ethena’s buyback discussions are worth watching, but proposed mechanisms aren’t guaranteed demand. I want price confirmation before taking a position.
Trade the setup, not the hype.
I’m watching ENA closely because its next move depends on whether buyers can absorb selling pressure and turn improving tokenomics into real demand.
🔹 Price zone: Around $0.19
🔹 Bullish trigger: Reclaim resistance with strong volume and hold the breakout.
🔹 Bearish trigger: Lose support as selling pressure increases.
My view: Ethena’s buyback discussions are worth watching, but proposed mechanisms aren’t guaranteed demand. I want price confirmation before taking a position.
Trade the setup, not the hype.