For the past six months, 
ENAUSDT has been trading inside a very wide consolidation range of roughly 100%. Put simply, the market has been slowly moving the price back and forth between $0.07 and $0.14.
Then again... what's the rush? 🙂 Even at what many would call the "bottom" of the range, #Ethena still carries a market capitalization of more than $800 million, with over 60% of the total supply already unlocked. It takes time for the market to properly absorb and redistribute that many tokens.
We'd like to seeENA establish itself above the midpoint of this range, around $0.095. In our view, that could become the first signal that buyers are ready to accelerate the next leg higher.
Of course, we're keeping expectations realistic. For now, we're talking about a relatively modest move of around 35–36%, which would still keep the price inside the same multi-month consolidation.
If that scenario doesn't play out, there's a good chance this sideways market continues well into autumn.
And honestly... we'd rather not wait that long. 🙂
💬 What do you think? IsENA finally ready to break out of this long consolidation, or will the market keep testing investors' patience?
______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
🧠 DYOR | This is not financial advice, just thinking out loud
ENAUSDT has been trading inside a very wide consolidation range of roughly 100%. Put simply, the market has been slowly moving the price back and forth between $0.07 and $0.14.Then again... what's the rush? 🙂 Even at what many would call the "bottom" of the range, #Ethena still carries a market capitalization of more than $800 million, with over 60% of the total supply already unlocked. It takes time for the market to properly absorb and redistribute that many tokens.
We'd like to see
ENA establish itself above the midpoint of this range, around $0.095. In our view, that could become the first signal that buyers are ready to accelerate the next leg higher.Of course, we're keeping expectations realistic. For now, we're talking about a relatively modest move of around 35–36%, which would still keep the price inside the same multi-month consolidation.
If that scenario doesn't play out, there's a good chance this sideways market continues well into autumn.
And honestly... we'd rather not wait that long. 🙂
💬 What do you think? Is
ENA finally ready to break out of this long consolidation, or will the market keep testing investors' patience?______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
🧠 DYOR | This is not financial advice, just thinking out loud
🎁 -20% for ALL trading fees at #OKX 👇
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
🎁 -20% for ALL trading fees at #OKX 👇
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.